https://www.taxtmi.com/caselaws?id=393276 The appeal filed by the assessee was partly allowed, with the Tribunal upholding the CIT(A)'s decisions on the classification of properties as part of the block of assets, the allowance of depreciation and administrative expenses, and the allowance of short-term capital loss on the sale of shares. The matter of set-off of the sale of units against the purchase of new property was remanded to the AO for further examination. The appeal filed by the revenue was dismissed. en-us Mon, 10 Feb 2020 00:00:00 +0530 Mon, 09 Mar 2020 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393276 The appeal filed by the assessee was partly allowed, with the Tribunal upholding the CIT(A)'s decisions on the classification of properties as part of the block of assets, the allowance of depreciation and administrative expenses, and the allowance of short-term capital loss on the sale of shares. The matter of set-off of the sale of units against the purchase of new property was remanded to the AO for further examination. The appeal filed by the revenue was dismissed. Case-Laws Income Tax Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393276