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![Capital Gain on Conversion of Investment into closing stock is Taxable on the date of Conversion: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Capital Gain on Conversion of Investment into closing stock is Taxable on the date of Conversion: ITAT Mumbai [Read Order]")
Capital Gain on Conversion of Investment into closing stock is Taxable on the date of Conversion: ITAT Mumbai [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal recently upheld the addition of closing stock in respect of conversion value of flat from...