https://www.taxtmi.com/caselaws?id=366071 The Tribunal upheld the deletion of the addition of Long Term Capital Gain by the Ld.CIT(A), ruling that the land in question did not qualify as a capital asset under section 2(14)(iii) and Notification No.9447 dated 6.1.94. The decision emphasized compliance with legal provisions and the importance of factual evidence in tax assessments. The Tribunal dismissed the Revenue's appeal and the assessee's cross objection, highlighting the significance of interpreting the law accurately in tax matters. en-us Tue, 31 Jul 2018 00:00:00 +0530 Wed, 29 Aug 2018 06:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366071 The Tribunal upheld the deletion of the addition of Long Term Capital Gain by the Ld.CIT(A), ruling that the land in question did not qualify as a capital asset under section 2(14)(iii) and Notification No.9447 dated 6.1.94. The decision emphasized compliance with legal provisions and the importance of factual evidence in tax assessments. The Tribunal dismissed the Revenue's appeal and the assessee's cross objection, highlighting the significance of interpreting the law accurately in tax matters. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366071