https://www.taxtmi.com/caselaws?id=326935 The Tribunal ruled in favor of the assessee, determining that income from the sale of flat and plots should be classified as business income rather than capital gains. The Tribunal directed the assessing officer to verify the genuineness of disallowed expenditures for construction materials and labor charges. The appeal was partly allowed for statistical purposes. en-us Wed, 16 Mar 2016 00:00:00 +0530 Thu, 28 Apr 2016 10:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326935 The Tribunal ruled in favor of the assessee, determining that income from the sale of flat and plots should be classified as business income rather than capital gains. The Tribunal directed the assessing officer to verify the genuineness of disallowed expenditures for construction materials and labor charges. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 16 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326935