https://www.taxtmi.com/caselaws?id=243134 The appeal of the Revenue was partially allowed for statistical purposes in the case involving the disallowance of expenditure claimed for eviction of premises under section 48(1) and the addition of short term capital gain on depreciable assets. The CIT(A) overturned the disallowance of the claimed expenditure, deeming it genuine and not disputed, and directed the Assessing Officer to reconsider the treatment of the amount. Additionally, the CIT(A) deleted the addition of short term capital gain on depreciable assets, instructing a reevaluation without applying section 50 and allowing the deduction of the amount paid to the tenants. The case was remanded back to the Assessing Officer for further review based on the evidence presented. en-us Wed, 30 Oct 2013 00:00:00 +0530 Sun, 26 Jan 2014 18:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243134 The appeal of the Revenue was partially allowed for statistical purposes in the case involving the disallowance of expenditure claimed for eviction of premises under section 48(1) and the addition of short term capital gain on depreciable assets. The CIT(A) overturned the disallowance of the claimed expenditure, deeming it genuine and not disputed, and directed the Assessing Officer to reconsider the treatment of the amount. Additionally, the CIT(A) deleted the addition of short term capital gain on depreciable assets, instructing a reevaluation without applying section 50 and allowing the deduction of the amount paid to the tenants. The case was remanded back to the Assessing Officer for further review based on the evidence presented. Case-Laws Income Tax Wed, 30 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243134