https://www.taxtmi.com/caselaws?id=69642 The Tribunal partly allowed the appeals, ruling that the receipts from the super-structure were short-term capital gains, not business income. The inclusion of the wife's income under Section 64(1)(iv) was upheld for long-term capital gains but allowed a deduction under Section 54F. The Tribunal also agreed to apportion only a proportionate part of the income from floor space retained by the wife. Deductions for expenses like the electricity panel board were upheld, while issues regarding eight garages were left for the assessee to rectify. en-us Mon, 30 Aug 1993 00:00:00 +0530 Fri, 10 Feb 2017 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69642 The Tribunal partly allowed the appeals, ruling that the receipts from the super-structure were short-term capital gains, not business income. The inclusion of the wife's income under Section 64(1)(iv) was upheld for long-term capital gains but allowed a deduction under Section 54F. The Tribunal also agreed to apportion only a proportionate part of the income from floor space retained by the wife. Deductions for expenses like the electricity panel board were upheld, while issues regarding eight garages were left for the assessee to rectify. Case-Laws Income Tax Mon, 30 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69642