https://www.taxtmi.com/caselaws?id=397767 The LD. CIT (A) deleted the addition of Rs. 1,01,774/- as a genuine mistake due to a wrong entry by the data entry operator. Regarding the treatment of Rs. 4,07,77,191/- as business income, the Tribunal set aside the issue for the AO to determine the actual date of conversion from capital asset to stock-in-trade. The Tribunal directed the AO to examine the deduction claim under section 54F and bifurcate the profit from the sale of shops under section 45(2). The appeal of the revenue was partly allowed for statistical purposes, and the Cross Objection of the assessee was dismissed. en-us Mon, 10 Aug 2020 00:00:00 +0530 Fri, 28 Aug 2020 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397767 The LD. CIT (A) deleted the addition of Rs. 1,01,774/- as a genuine mistake due to a wrong entry by the data entry operator. Regarding the treatment of Rs. 4,07,77,191/- as business income, the Tribunal set aside the issue for the AO to determine the actual date of conversion from capital asset to stock-in-trade. The Tribunal directed the AO to examine the deduction claim under section 54F and bifurcate the profit from the sale of shops under section 45(2). The appeal of the revenue was partly allowed for statistical purposes, and the Cross Objection of the assessee was dismissed. Case-Laws Income Tax Mon, 10 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397767