https://www.taxtmi.com/caselaws?id=380716 The Appellate Tribunal ITAT Mumbai recalled its earlier order directing the computation of long term capital gains from the sale of a flat due to ambiguity in categorizing the gain as business income or long term capital gain. The Tribunal acknowledged the need for clarity and ordered a reevaluation of the issue to ensure a precise determination. This decision emphasizes the importance of clear and accurate legal decisions in tax matters, demonstrating the Tribunal's commitment to fairness and transparency in the adjudication process. en-us Fri, 24 May 2019 00:00:00 +0530 Sat, 25 May 2019 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380716 The Appellate Tribunal ITAT Mumbai recalled its earlier order directing the computation of long term capital gains from the sale of a flat due to ambiguity in categorizing the gain as business income or long term capital gain. The Tribunal acknowledged the need for clarity and ordered a reevaluation of the issue to ensure a precise determination. This decision emphasizes the importance of clear and accurate legal decisions in tax matters, demonstrating the Tribunal's commitment to fairness and transparency in the adjudication process. Case-Laws Income Tax Fri, 24 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380716