https://www.taxtmi.com/caselaws?id=380658 The Tribunal dismissed the Revenue's appeal challenging the treatment of gain from property sale as long term capital gain, affirming the Commissioner (Appeals)' decision. The Tribunal partly allowed the Assessee's appeal regarding the disallowance of deductions for cost of improvement and related expenditures, restoring the issue of cost of improvement for verification and allowing justification for brokerage and professional fee deductions. The judgment provided detailed analysis of legal provisions and precedents in determining the treatment of gain and deductions. en-us Wed, 22 May 2019 00:00:00 +0530 Fri, 24 May 2019 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380658 The Tribunal dismissed the Revenue's appeal challenging the treatment of gain from property sale as long term capital gain, affirming the Commissioner (Appeals)' decision. The Tribunal partly allowed the Assessee's appeal regarding the disallowance of deductions for cost of improvement and related expenditures, restoring the issue of cost of improvement for verification and allowing justification for brokerage and professional fee deductions. The judgment provided detailed analysis of legal provisions and precedents in determining the treatment of gain and deductions. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380658