https://www.taxtmi.com/caselaws?id=213159 The Court concluded that the surplus realized from the sale of land was classified as capital gains, not business income, affirming the Tribunal's decision. The Court emphasized that the land was acquired as an investment, with sales motivated by encroachments and litigation, rather than profit-seeking activities. The judgment confirmed that the surplus from the land sale constituted capital gains. en-us Tue, 24 Apr 2012 00:00:00 +0530 Fri, 17 Aug 2012 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213159 The Court concluded that the surplus realized from the sale of land was classified as capital gains, not business income, affirming the Tribunal's decision. The Court emphasized that the land was acquired as an investment, with sales motivated by encroachments and litigation, rather than profit-seeking activities. The judgment confirmed that the surplus from the land sale constituted capital gains. Case-Laws Income Tax Tue, 24 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213159