https://www.taxtmi.com/caselaws?id=369931 The High Court upheld the decisions of the CIT(Appeals) and the Tribunal regarding the Short Term Capital Gain on the sale of land and building, treating the sale consideration from land as long term capital gain. Additionally, the provision of warranty expenses was deemed allowable based on scientific estimation, following precedents from Supreme Court cases. The Tax Appeal challenging these issues was dismissed by the High Court. en-us Mon, 29 Oct 2018 00:00:00 +0530 Wed, 21 Aug 2019 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369931 The High Court upheld the decisions of the CIT(Appeals) and the Tribunal regarding the Short Term Capital Gain on the sale of land and building, treating the sale consideration from land as long term capital gain. Additionally, the provision of warranty expenses was deemed allowable based on scientific estimation, following precedents from Supreme Court cases. The Tax Appeal challenging these issues was dismissed by the High Court. Case-Laws Income Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369931