https://www.taxtmi.com/caselaws?id=375782 The tribunal upheld the lower authorities' findings on the date of conversion of the capital asset into stock-in-trade and the computation of long-term capital gain. It agreed with the assessee on the year of taxability of the capital gain, recognizing it in AY 2008-09. The tribunal also upheld the CIT(A)'s decision on the eligibility for deduction under section 80IB(10) but reversed the CIT(A)'s decision on the taxability of interest income from bank FDs, assessing it under "Income from other sources." en-us Wed, 05 Dec 2018 00:00:00 +0530 Tue, 26 Feb 2019 07:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375782 The tribunal upheld the lower authorities' findings on the date of conversion of the capital asset into stock-in-trade and the computation of long-term capital gain. It agreed with the assessee on the year of taxability of the capital gain, recognizing it in AY 2008-09. The tribunal also upheld the CIT(A)'s decision on the eligibility for deduction under section 80IB(10) but reversed the CIT(A)'s decision on the taxability of interest income from bank FDs, assessing it under "Income from other sources." Case-Laws Income Tax Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375782