https://www.taxtmi.com/caselaws?id=279994 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal and ruling in favor of the assessee regarding the treatment of business income arising from the development agreement. The ITAT concluded that no taxable gains accrued to the assessee during the relevant year based on the nature of the development agreement and the treatment of the land as stock-in-trade without actual sale. en-us Wed, 15 Nov 2017 00:00:00 +0530 Tue, 16 Apr 2019 14:33:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279994 The ITAT upheld the CIT(A)'s decision, dismissing the Revenue's appeal and ruling in favor of the assessee regarding the treatment of business income arising from the development agreement. The ITAT concluded that no taxable gains accrued to the assessee during the relevant year based on the nature of the development agreement and the treatment of the land as stock-in-trade without actual sale. Case-Laws Income Tax Wed, 15 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279994