https://www.taxtmi.com/caselaws?id=348214 The High Court upheld the Tribunal's decision regarding the assessment of capital gains for the year 2009-2010. The Tribunal's interpretation of the transaction as business income was deemed appropriate, considering the nature of the transaction and the assessee's business activities. The Court found no fault in the Tribunal's application of Section 50C of the Income Tax Act and dismissed the Revenue's Appeal, concluding that there were no substantial legal questions raised. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 08 Aug 2018 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348214 The High Court upheld the Tribunal's decision regarding the assessment of capital gains for the year 2009-2010. The Tribunal's interpretation of the transaction as business income was deemed appropriate, considering the nature of the transaction and the assessee's business activities. The Court found no fault in the Tribunal's application of Section 50C of the Income Tax Act and dismissed the Revenue's Appeal, concluding that there were no substantial legal questions raised. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348214