https://www.taxtmi.com/caselaws?id=197326 The Tribunal ruled in favor of the assessee, determining that the income from the sale of plots should be taxed as 'capital gains' rather than 'business income'. Additionally, the disallowance of interest under section 36(1)(iii) was deemed unjustified as the advances were made from the assessee's own funds for business purposes. The Tribunal allowed the appeals of the assessee in both matters. en-us Fri, 15 Feb 2013 00:00:00 +0530 Wed, 03 Jan 2018 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197326 The Tribunal ruled in favor of the assessee, determining that the income from the sale of plots should be taxed as 'capital gains' rather than 'business income'. Additionally, the disallowance of interest under section 36(1)(iii) was deemed unjustified as the advances were made from the assessee's own funds for business purposes. The Tribunal allowed the appeals of the assessee in both matters. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197326