https://www.taxtmi.com/caselaws?id=345424 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order on both issues. The freight charges were not disallowed under Section 40(a)(ia) due to the inapplicability of Section 194C, and the profit from the sale of land was correctly computed under 'business income,' excluding the application of Section 50C. en-us Fri, 09 Jun 2017 00:00:00 +0530 Mon, 17 Jul 2017 11:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345424 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s order on both issues. The freight charges were not disallowed under Section 40(a)(ia) due to the inapplicability of Section 194C, and the profit from the sale of land was correctly computed under 'business income,' excluding the application of Section 50C. Case-Laws Income Tax Fri, 09 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345424