https://www.taxtmi.com/caselaws?id=241110 The ITAT partially allowed the appeal, remitting certain issues back to the AO for fresh consideration. The judgment emphasized the correct application of Income Tax Act provisions concerning income classification, deductions, and capital gains taxation. Key issues included the classification of business income as capital gains, disallowance of Sec. 80HHC claim, determination of fair market value of stock-in-trade, disallowance of Sec. 80IB claim, disallowance of depreciation claim, and charging of interest under Sec. 234B. en-us Wed, 23 Oct 2013 00:00:00 +0530 Tue, 17 Dec 2013 11:11:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241110 The ITAT partially allowed the appeal, remitting certain issues back to the AO for fresh consideration. The judgment emphasized the correct application of Income Tax Act provisions concerning income classification, deductions, and capital gains taxation. Key issues included the classification of business income as capital gains, disallowance of Sec. 80HHC claim, determination of fair market value of stock-in-trade, disallowance of Sec. 80IB claim, disallowance of depreciation claim, and charging of interest under Sec. 234B. Case-Laws Income Tax Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241110