https://www.taxtmi.com/caselaws?id=387496 The Tribunal upheld the AO's decision treating profit from the sale of land as short-term capital gain, disallowing deduction under Section 80G, and taxability of lease rent. It directed the AO to allow 30% of sale proceeds as expenses for by-products. The Tribunal upheld disallowances of various expenditures but directed reasonable expenditure for processing charges. The Revenue's appeal on medical expenses was dismissed, while the addition towards processing charges was upheld. The assessee's appeals for 2004-05 and 2006-07 were partly allowed, the 2007-08 appeal was dismissed, and the Revenue's appeal for 2007-08 was partly allowed. en-us Mon, 09 Sep 2019 00:00:00 +0530 Thu, 24 Oct 2019 08:50:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387496 The Tribunal upheld the AO's decision treating profit from the sale of land as short-term capital gain, disallowing deduction under Section 80G, and taxability of lease rent. It directed the AO to allow 30% of sale proceeds as expenses for by-products. The Tribunal upheld disallowances of various expenditures but directed reasonable expenditure for processing charges. The Revenue's appeal on medical expenses was dismissed, while the addition towards processing charges was upheld. The assessee's appeals for 2004-05 and 2006-07 were partly allowed, the 2007-08 appeal was dismissed, and the Revenue's appeal for 2007-08 was partly allowed. Case-Laws Income Tax Mon, 09 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387496