https://www.taxtmi.com/caselaws?id=398741 The Tribunal partially allowed the appeal, directing the Assessing Officer to delete the additions made under Section 50C and Sections 69C and 69 of the Income Tax Act, 1961. The Tribunal determined that the transactions were of a business nature, not capital gains, and emphasized the need for accurate income assessment to avoid imposing excessive tax burdens on taxpayers. en-us Thu, 10 Sep 2020 00:00:00 +0530 Tue, 22 Sep 2020 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398741 The Tribunal partially allowed the appeal, directing the Assessing Officer to delete the additions made under Section 50C and Sections 69C and 69 of the Income Tax Act, 1961. The Tribunal determined that the transactions were of a business nature, not capital gains, and emphasized the need for accurate income assessment to avoid imposing excessive tax burdens on taxpayers. Case-Laws Income Tax Thu, 10 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398741