https://www.taxtmi.com/caselaws?id=178713 The court determined that income from the sale of land should be classified as capital gains rather than business income. The respondent company held the land as an investment for 10 years without development, leading to the profit being taxable under capital gains. The Tribunal's decision was upheld as the revenue did not challenge the factual findings. The appeal by the revenue was dismissed, and no costs were awarded. en-us Thu, 24 Jan 2013 00:00:00 +0530 Thu, 11 Feb 2016 12:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178713 The court determined that income from the sale of land should be classified as capital gains rather than business income. The respondent company held the land as an investment for 10 years without development, leading to the profit being taxable under capital gains. The Tribunal's decision was upheld as the revenue did not challenge the factual findings. The appeal by the revenue was dismissed, and no costs were awarded. Case-Laws Income Tax Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178713