https://www.taxtmi.com/caselaws?id=356222 The ITAT upheld the CIT(A)'s decision treating the development and sale of residential plots as "Profits & Gains of Business or Profession." The ITAT directed the CIT(A) to correctly apply Section 45(2) for determining the full value of consideration. The appeal was partly allowed for statistical purposes. en-us Thu, 22 Feb 2018 00:00:00 +0530 Mon, 14 May 2018 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356222 The ITAT upheld the CIT(A)'s decision treating the development and sale of residential plots as "Profits & Gains of Business or Profession." The ITAT directed the CIT(A) to correctly apply Section 45(2) for determining the full value of consideration. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Thu, 22 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356222