https://www.taxtmi.com/caselaws?id=285081 The High Court dismissed the appeal concerning the classification of subject-land as a capital asset under the Income Tax Act, based on a previous Tribunal decision that had not been challenged. The Court held that since the earlier judgment stood, the appeal could not disturb the established precedent. The issue regarding the interpretation of the term "any Municipality or Cantonment Board" was not addressed due to the dismissal of the appeal. en-us Thu, 04 Jul 2013 00:00:00 +0530 Wed, 25 Dec 2019 15:11:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285081 The High Court dismissed the appeal concerning the classification of subject-land as a capital asset under the Income Tax Act, based on a previous Tribunal decision that had not been challenged. The Court held that since the earlier judgment stood, the appeal could not disturb the established precedent. The issue regarding the interpretation of the term "any Municipality or Cantonment Board" was not addressed due to the dismissal of the appeal. Case-Laws Income Tax Thu, 04 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285081