https://www.taxtmi.com/caselaws?id=191142 The Tribunal ruled in favor of the appellant, directing the amount received from the sale of land to be treated as long-term capital gains instead of business income. The Tribunal set aside the findings of the Ld. CIT(A) and instructed the Assessing Officer to tax the surplus under the head of capital gains. The issue of disallowance of the cost of improvement was remanded to the Ld. CIT(A) for further consideration. The appeal was allowed in part for statistical purposes. en-us Wed, 27 Jul 2016 00:00:00 +0530 Wed, 22 Mar 2017 08:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191142 The Tribunal ruled in favor of the appellant, directing the amount received from the sale of land to be treated as long-term capital gains instead of business income. The Tribunal set aside the findings of the Ld. CIT(A) and instructed the Assessing Officer to tax the surplus under the head of capital gains. The issue of disallowance of the cost of improvement was remanded to the Ld. CIT(A) for further consideration. The appeal was allowed in part for statistical purposes. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191142