https://www.taxtmi.com/caselaws?id=347802 The Tribunal allowed the appeal of the assessee, holding that the order passed by the Assessing Officer (AO) was neither erroneous nor prejudicial to the interest of the revenue. The Tribunal found that the AO had made proper enquiries and that the classification of the compensation as 'Long Term Capital Gain (LTCG)' was justified. The order of the Commissioner of Income Tax (CIT) under Section 263 was set aside, and the appeal of the assessee was accepted. en-us Wed, 14 Jun 2017 00:00:00 +0530 Mon, 11 Sep 2017 22:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347802 The Tribunal allowed the appeal of the assessee, holding that the order passed by the Assessing Officer (AO) was neither erroneous nor prejudicial to the interest of the revenue. The Tribunal found that the AO had made proper enquiries and that the classification of the compensation as 'Long Term Capital Gain (LTCG)' was justified. The order of the Commissioner of Income Tax (CIT) under Section 263 was set aside, and the appeal of the assessee was accepted. Case-Laws Income Tax Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347802