Dear Sir,
I don't foresee any issues from it department as long as it is done as a part of ordinary business activities and you have properly accounted the purchases and sales in the books and paid property taxes on the same.
However if it is purcahse as capital assets and then sold, in that case it department may treat it as capital gain.
Please feel free to revert in case you require any additional clarification on the above.
Thanks and Regards
CA Abhishek Dugar