Dismissing the appeal of the revenue the Court held that Sale of land taxable as long term capital gains and sale of building as short term capital gains . (AY. 2009-10)
CIT v. Stovec Industries Ltd. (2019) 416 ITR 63 (Guj) (HC)
S. 45 : Capital gains —Sale of land and building — Sale of land taxable as long term capital gains and sale of building as short term capital gains [ S.2(29A),2(29B), 50 ]