https://www.taxtmi.com/caselaws?id=176950 The Tribunal partly allowed the appeal of the assessee, granting relief on various grounds including treating receipts from the sale of land as long-term capital gain, deletion of disallowance of interest, and exemption for slump sale of business. The Tribunal directed the AO to adopt the actual sales consideration for determination of the cost of acquisition of land and to allow the correct amount of brought forward losses and depreciation. The disallowance of expenses for payment received through credit cards and levy of interest under section 234B were upheld. en-us Mon, 24 Jun 2013 00:00:00 +0530 Thu, 31 Dec 2015 15:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176950 The Tribunal partly allowed the appeal of the assessee, granting relief on various grounds including treating receipts from the sale of land as long-term capital gain, deletion of disallowance of interest, and exemption for slump sale of business. The Tribunal directed the AO to adopt the actual sales consideration for determination of the cost of acquisition of land and to allow the correct amount of brought forward losses and depreciation. The disallowance of expenses for payment received through credit cards and levy of interest under section 234B were upheld. Case-Laws Income Tax Mon, 24 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176950