https://www.taxtmi.com/caselaws?id=235818 HC held that contemporaneous agreements creating a single composite transaction to enjoy the entire property for carrying on complex commercial activity yield business income (eligible under s.80IA) rather than separable rental or property income, upholding the Appellate Authority and Tribunal. On short-term capital gains, HC found the sale to a sister concern valid, with admitted consideration above guidance value and no vitiation; the Assessing Authority erred in adopting third-party market value to compute gains. Both holdings operate against Revenue and in favor of the assessee. en-us Tue, 02 Apr 2013 00:00:00 +0530 Mon, 06 Oct 2025 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235818 HC held that contemporaneous agreements creating a single composite transaction to enjoy the entire property for carrying on complex commercial activity yield business income (eligible under s.80IA) rather than separable rental or property income, upholding the Appellate Authority and Tribunal. On short-term capital gains, HC found the sale to a sister concern valid, with admitted consideration above guidance value and no vitiation; the Assessing Authority erred in adopting third-party market value to compute gains. Both holdings operate against Revenue and in favor of the assessee. Case-Laws Income Tax Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235818