https://www.taxtmi.com/caselaws?id=170877 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various grounds. The addition made by the AO in the computation of profit on the sale of stock-in-trade was deleted as the area sold was accurately determined. The rental income received from terraces was held to be assessable under the residuary head instead of as house property income. Additionally, the disallowance made under section 14A was upheld, with the Tribunal finding the CIT(A)'s reasoning for the disallowance to be reasonable. en-us Mon, 30 Apr 2012 00:00:00 +0530 Tue, 23 Jun 2015 18:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170877 The Tribunal partly allowed the appeal, ruling in favor of the assessee on various grounds. The addition made by the AO in the computation of profit on the sale of stock-in-trade was deleted as the area sold was accurately determined. The rental income received from terraces was held to be assessable under the residuary head instead of as house property income. Additionally, the disallowance made under section 14A was upheld, with the Tribunal finding the CIT(A)'s reasoning for the disallowance to be reasonable. Case-Laws Income Tax Mon, 30 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170877