https://www.taxtmi.com/caselaws?id=358332 The Revenue's appeal challenging the deletion of deemed rent addition and recalculation of capital gains was dismissed by the Tribunal. The deletion of deemed rent addition was upheld based on consistent rulings favoring the assessee, and the addition to capital gains was found unwarranted due to valuation differences. The disallowance of legal and professional charges was remanded for verification of business usage. The Tribunal's decision favored the assessee, dismissing the Revenue's grounds and allowing the assessee's appeal for statistical purposes. en-us Wed, 28 Mar 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358332 The Revenue's appeal challenging the deletion of deemed rent addition and recalculation of capital gains was dismissed by the Tribunal. The deletion of deemed rent addition was upheld based on consistent rulings favoring the assessee, and the addition to capital gains was found unwarranted due to valuation differences. The disallowance of legal and professional charges was remanded for verification of business usage. The Tribunal's decision favored the assessee, dismissing the Revenue's grounds and allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358332