https://www.taxtmi.com/caselaws?id=265259 The Tribunal found that the sale proceeds from fixtures and fittings were not clearly established as either part of the flat or personal assets, impacting their tax treatment. Despite uncertainties, the Tribunal concluded that taxing the amount would have no effect on revenue, leading to the quashing of the revision order under Section 263. The assessee's appeal was allowed, determining the assessment order as non-prejudicial to revenue interests. en-us Fri, 28 Aug 2015 00:00:00 +0530 Fri, 09 Oct 2015 07:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265259 The Tribunal found that the sale proceeds from fixtures and fittings were not clearly established as either part of the flat or personal assets, impacting their tax treatment. Despite uncertainties, the Tribunal concluded that taxing the amount would have no effect on revenue, leading to the quashing of the revision order under Section 263. The assessee's appeal was allowed, determining the assessment order as non-prejudicial to revenue interests. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265259