https://www.taxtmi.com/caselaws?id=327942 The Tribunal condoned the Revenue's appeal filing delay due to staff shortage and workload. The income from the EOU unit was considered 'income from capital gains' as it involved a capital asset transfer, not business income. Debonding charges and name transfer expenses were disallowed as deductions, with the Tribunal upholding the Commissioner's decision that these expenses were already accounted for in the capital gains. The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decisions on all issues. en-us Tue, 12 Apr 2016 00:00:00 +0530 Mon, 23 May 2016 09:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327942 The Tribunal condoned the Revenue's appeal filing delay due to staff shortage and workload. The income from the EOU unit was considered 'income from capital gains' as it involved a capital asset transfer, not business income. Debonding charges and name transfer expenses were disallowed as deductions, with the Tribunal upholding the Commissioner's decision that these expenses were already accounted for in the capital gains. The Tribunal dismissed the Revenue's appeal, affirming the Commissioner's decisions on all issues. Case-Laws Income Tax Tue, 12 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327942