https://www.taxtmi.com/caselaws?id=331470 The Tribunal upheld the CIT(A)'s decisions in a tax case regarding the taxability of income from the sale of property as Capital Gains, allowing the Long Term Capital Loss claimed by the assessee, and permitting the deduction of Bad Debt claimed. The Tribunal dismissed the Revenue's appeal, affirming that the property income was Capital Gains, the LTCL claim was valid, and the bad debt claim was allowable under Section 36(1)(vii) of the Income Tax Act. en-us Fri, 18 Mar 2016 00:00:00 +0530 Wed, 24 Aug 2016 11:01:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331470 The Tribunal upheld the CIT(A)'s decisions in a tax case regarding the taxability of income from the sale of property as Capital Gains, allowing the Long Term Capital Loss claimed by the assessee, and permitting the deduction of Bad Debt claimed. The Tribunal dismissed the Revenue's appeal, affirming that the property income was Capital Gains, the LTCL claim was valid, and the bad debt claim was allowable under Section 36(1)(vii) of the Income Tax Act. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331470