https://www.taxtmi.com/caselaws?id=205025 The Tribunal partly allowed the appeal, ruling that the entire income from the transaction should be taxed as business income in the current year. It upheld the CIT(A)'s decision on consultancy charges. The Tribunal found the assessee's partnership transactions to be a ploy to defer tax liability and agreed with the AO's valuation of the property. en-us Fri, 07 May 2010 00:00:00 +0530 Mon, 05 Sep 2011 17:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205025 The Tribunal partly allowed the appeal, ruling that the entire income from the transaction should be taxed as business income in the current year. It upheld the CIT(A)'s decision on consultancy charges. The Tribunal found the assessee's partnership transactions to be a ploy to defer tax liability and agreed with the AO's valuation of the property. Case-Laws Income Tax Fri, 07 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205025