https://www.taxtmi.com/caselaws?id=120329 The Tribunal ruled in favor of the assessee on various issues including the treatment of leave and license fee as business income, allowance of depreciation on let-out premises, disallowance of expenditure on repairs, and additions on account of unaccounted silver recovery and saving of raw films. The reopening of assessment under section 147 was deemed bad in law and quashed. The Tribunal upheld the CIT(A)'s decision on the treatment of sale of shares as capital gains. As a result, the appeal filed by the assessee was allowed, and the revenue's appeal was dismissed. en-us Wed, 09 Nov 2005 00:00:00 +0530 Wed, 18 Jul 2012 14:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120329 The Tribunal ruled in favor of the assessee on various issues including the treatment of leave and license fee as business income, allowance of depreciation on let-out premises, disallowance of expenditure on repairs, and additions on account of unaccounted silver recovery and saving of raw films. The reopening of assessment under section 147 was deemed bad in law and quashed. The Tribunal upheld the CIT(A)'s decision on the treatment of sale of shares as capital gains. As a result, the appeal filed by the assessee was allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Wed, 09 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120329