https://www.taxtmi.com/caselaws?id=343961 The Tribunal partly allowed the appeal, setting aside the order on the taxability of capital gains on the conversion of capital assets into stock in trade. However, it upheld the revision order regarding the claim of weighted deduction under section 35(1)(ii) of the Act. The stay application by the assessee was dismissed as infructuous. en-us Wed, 24 May 2017 00:00:00 +0530 Tue, 06 Jun 2017 07:20:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343961 The Tribunal partly allowed the appeal, setting aside the order on the taxability of capital gains on the conversion of capital assets into stock in trade. However, it upheld the revision order regarding the claim of weighted deduction under section 35(1)(ii) of the Act. The stay application by the assessee was dismissed as infructuous. Case-Laws Income Tax Wed, 24 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343961