https://www.taxtmi.com/caselaws?id=393250 The High Court upheld the Tribunal's decision in favor of the assessee, determining the income from property transactions as long-term capital gains instead of business income. The Court emphasized the importance of analyzing the intention behind the transactions and the lack of concrete evidence supporting the Revenue's claim. The appeals filed by the Revenue were dismissed, with the Court ruling in favor of the assessee based on legal principles and factual evaluation, resolving the substantial questions of law in favor of the assessee. en-us Wed, 29 Jan 2020 00:00:00 +0530 Mon, 09 Mar 2020 08:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393250 The High Court upheld the Tribunal's decision in favor of the assessee, determining the income from property transactions as long-term capital gains instead of business income. The Court emphasized the importance of analyzing the intention behind the transactions and the lack of concrete evidence supporting the Revenue's claim. The appeals filed by the Revenue were dismissed, with the Court ruling in favor of the assessee based on legal principles and factual evaluation, resolving the substantial questions of law in favor of the assessee. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393250