https://www.taxtmi.com/caselaws?id=375175 The Tribunal dismissed the Revenue's appeal, upholding the decision to treat income as long-term capital gain rather than business income. The penalty under section 271(1)(c) was deleted by the Ld. CIT(A), with the Tribunal affirming this decision based on previous orders and High Court decisions. The appeal was ultimately dismissed, with the Tribunal finding no substantial question of law regarding the taxation of the income as business income. en-us Wed, 13 Feb 2019 00:00:00 +0530 Fri, 15 Feb 2019 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375175 The Tribunal dismissed the Revenue's appeal, upholding the decision to treat income as long-term capital gain rather than business income. The penalty under section 271(1)(c) was deleted by the Ld. CIT(A), with the Tribunal affirming this decision based on previous orders and High Court decisions. The appeal was ultimately dismissed, with the Tribunal finding no substantial question of law regarding the taxation of the income as business income. Case-Laws Income Tax Wed, 13 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375175