https://www.taxtmi.com/caselaws?id=388381 The Tribunal remanded the case to the Assessing Officer for fresh adjudication on all issues, emphasizing the need to consider the nature of the business and the proper classification of income. The applicability of Section 50C and the claim for indexation benefits are to be reconsidered based on the final determination of whether the income is classified as business income or capital gains. The appeal was allowed for statistical purposes. en-us Mon, 19 Aug 2019 00:00:00 +0530 Thu, 14 Nov 2019 14:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388381 The Tribunal remanded the case to the Assessing Officer for fresh adjudication on all issues, emphasizing the need to consider the nature of the business and the proper classification of income. The applicability of Section 50C and the claim for indexation benefits are to be reconsidered based on the final determination of whether the income is classified as business income or capital gains. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388381