https://www.taxtmi.com/caselaws?id=266899 The Tribunal ruled that the income from the sale of the 7th floor should be classified as Business Income or Short Term Capital Gain, overturning the CIT(A)'s decision. Additionally, the Tribunal upheld the deduction of Rs. 5,00,000 for improvements from the sale consideration. The Revenue's appeal was partly allowed in this case. en-us Thu, 24 Sep 2015 00:00:00 +0530 Mon, 08 Aug 2022 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266899 The Tribunal ruled that the income from the sale of the 7th floor should be classified as Business Income or Short Term Capital Gain, overturning the CIT(A)'s decision. Additionally, the Tribunal upheld the deduction of Rs. 5,00,000 for improvements from the sale consideration. The Revenue's appeal was partly allowed in this case. Case-Laws Income Tax Thu, 24 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266899