https://www.taxtmi.com/caselaws?id=277862 The Appellate Tribunal upheld the deletion of the addition made by the Assessing Officer on account of the sale of Ampad Land. The Tribunal considered the subsequent sale of the land to various parties and the short term capital gain offered for tax in the relevant year. Additionally, the Tribunal rejected the double taxation of the amount received for the land sale, emphasizing that the land was sold only once and the income was properly disclosed. The Tribunal dismissed the Tax Appeal, affirming the exclusion of the disputed income from the total income for the relevant assessment year. en-us Tue, 30 Apr 2013 00:00:00 +0530 Thu, 27 Dec 2018 11:50:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277862 The Appellate Tribunal upheld the deletion of the addition made by the Assessing Officer on account of the sale of Ampad Land. The Tribunal considered the subsequent sale of the land to various parties and the short term capital gain offered for tax in the relevant year. Additionally, the Tribunal rejected the double taxation of the amount received for the land sale, emphasizing that the land was sold only once and the income was properly disclosed. The Tribunal dismissed the Tax Appeal, affirming the exclusion of the disputed income from the total income for the relevant assessment year. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277862