https://www.taxtmi.com/caselaws?id=263069 The High Court affirmed the Tribunal's decision that the transfers of properties to individuals resulted in capital gains, not business income. The Court emphasized the importance of considering all relevant factors in such determinations and upheld the factual findings of the lower authorities. The Court found no perversity in the findings and concluded that no substantial question of law arose for consideration. en-us Thu, 20 Aug 2015 00:00:00 +0530 Wed, 26 Aug 2015 10:14:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263069 The High Court affirmed the Tribunal's decision that the transfers of properties to individuals resulted in capital gains, not business income. The Court emphasized the importance of considering all relevant factors in such determinations and upheld the factual findings of the lower authorities. The Court found no perversity in the findings and concluded that no substantial question of law arose for consideration. Case-Laws Income Tax Thu, 20 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263069