https://www.taxtmi.com/caselaws?id=198644 The Revenue's appeals for the assessment years 2003-04, 2006-07, and 2007-08 were dismissed by the ITAT. The addition made by the AO on account of capital gain was deleted by the CIT(A) as the land was considered stock-in-trade, resulting in the profit being taxed as business income. Additionally, the ITAT allowed the deduction for security charges as business expenditure for the assessment year 2007-08. en-us Fri, 29 Nov 2013 00:00:00 +0530 Tue, 06 Feb 2018 17:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198644 The Revenue's appeals for the assessment years 2003-04, 2006-07, and 2007-08 were dismissed by the ITAT. The addition made by the AO on account of capital gain was deleted by the CIT(A) as the land was considered stock-in-trade, resulting in the profit being taxed as business income. Additionally, the ITAT allowed the deduction for security charges as business expenditure for the assessment year 2007-08. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198644