https://www.taxtmi.com/caselaws?id=119479 The appeal in this case was partly allowed. The Income Tax Appellate Tribunal (ITAT) directed a fresh decision on the ad hoc disallowance made under section 14A. However, the ITAT upheld the findings of the Commissioner of Income Tax (Appeals) regarding the classification of income from Bhau Mansion, the applicability of section 50 of the Income-tax Act, the treatment of long-term capital gains under section 112(d), and the claim of loss on municipal taxes paid on a vacant property. en-us Tue, 08 May 2007 00:00:00 +0530 Wed, 11 Jul 2012 13:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119479 The appeal in this case was partly allowed. The Income Tax Appellate Tribunal (ITAT) directed a fresh decision on the ad hoc disallowance made under section 14A. However, the ITAT upheld the findings of the Commissioner of Income Tax (Appeals) regarding the classification of income from Bhau Mansion, the applicability of section 50 of the Income-tax Act, the treatment of long-term capital gains under section 112(d), and the claim of loss on municipal taxes paid on a vacant property. Case-Laws Income Tax Tue, 08 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119479