https://www.taxtmi.com/caselaws?id=236616 The Tribunal ruled in favor of the assessee, determining that the gains from the sale of land should be treated as "Capital Gains" rather than "Business Income." The deductions claimed under sections 54EC and 54F were allowed, as the gains were classified as capital gains. The Tribunal dismissed the issue regarding the sale consideration valuation, as relief had already been granted by the AO in a previous order. en-us Fri, 30 Aug 2013 00:00:00 +0530 Tue, 03 Sep 2013 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236616 The Tribunal ruled in favor of the assessee, determining that the gains from the sale of land should be treated as "Capital Gains" rather than "Business Income." The deductions claimed under sections 54EC and 54F were allowed, as the gains were classified as capital gains. The Tribunal dismissed the issue regarding the sale consideration valuation, as relief had already been granted by the AO in a previous order. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236616