https://www.taxtmi.com/caselaws?id=354191 The tribunal affirmed the CIT(A)'s decision, treating the appellant's income from land transactions as business income rather than capital gains. The Revenue's appeal was dismissed, with the tribunal finding no merit in invoking Section 50C. The CIT(A)'s order was upheld, directing the deletion of additions made under Section 50C and penalty initiation. Interest under Sections 234A, 234B, 234C, and 234D was to be levied after adjustments. en-us Wed, 10 Jan 2018 00:00:00 +0530 Fri, 19 Jan 2018 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354191 The tribunal affirmed the CIT(A)'s decision, treating the appellant's income from land transactions as business income rather than capital gains. The Revenue's appeal was dismissed, with the tribunal finding no merit in invoking Section 50C. The CIT(A)'s order was upheld, directing the deletion of additions made under Section 50C and penalty initiation. Interest under Sections 234A, 234B, 234C, and 234D was to be levied after adjustments. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354191