https://www.taxtmi.com/caselaws?id=395152 The tribunal upheld the assessment of profit from the Kadri Kamble property as business income, denied the deduction under Section 54F of the Income Tax Act, and affirmed the revised sale consideration and reduced addition for unaccounted investment in the West Wind Project flats. The tribunal dismissed the assessee's appeal and partly allowed the revenue's appeal, concluding that the profit from the property was rightly treated as business income. en-us Tue, 28 Apr 2020 00:00:00 +0530 Fri, 08 May 2020 11:06:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395152 The tribunal upheld the assessment of profit from the Kadri Kamble property as business income, denied the deduction under Section 54F of the Income Tax Act, and affirmed the revised sale consideration and reduced addition for unaccounted investment in the West Wind Project flats. The tribunal dismissed the assessee's appeal and partly allowed the revenue's appeal, concluding that the profit from the property was rightly treated as business income. Case-Laws Income Tax Tue, 28 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395152