https://www.taxtmi.com/caselaws?id=342123 The Appellate Tribunal disagreed with the decision of the Ld. CIT (Appeals) to treat the entire sale consideration as income from other sources. The property in question was jointly owned by the Assessee and her husband, leading to the correct assessment that the sale consideration should be categorized as income from capital gains. The case was remanded to the Assessing Officer for the computation of capital gains for both parties, allowing the Assessee and her husband the opportunity to present their case. As a result, the Assessee's appeal was partly allowed for statistical purposes. en-us Fri, 10 Mar 2017 00:00:00 +0530 Thu, 27 Apr 2017 06:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342123 The Appellate Tribunal disagreed with the decision of the Ld. CIT (Appeals) to treat the entire sale consideration as income from other sources. The property in question was jointly owned by the Assessee and her husband, leading to the correct assessment that the sale consideration should be categorized as income from capital gains. The case was remanded to the Assessing Officer for the computation of capital gains for both parties, allowing the Assessee and her husband the opportunity to present their case. As a result, the Assessee's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342123