https://www.taxtmi.com/caselaws?id=291722 The Tribunal dismissed the revenue's appeal against the CIT(A) order for assessment year 2007-08. The disallowance of bad debt and capital gains under section 50C were deleted by the CIT(A), citing specific legal precedents. The Tribunal upheld the CIT(A) decision based on the legal positions established by the Bombay High Court and a tribunal case, determining that the revenue's objections were not valid. en-us Wed, 23 Oct 2013 00:00:00 +0530 Tue, 07 Dec 2021 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291722 The Tribunal dismissed the revenue's appeal against the CIT(A) order for assessment year 2007-08. The disallowance of bad debt and capital gains under section 50C were deleted by the CIT(A), citing specific legal precedents. The Tribunal upheld the CIT(A) decision based on the legal positions established by the Bombay High Court and a tribunal case, determining that the revenue's objections were not valid. Case-Laws Income Tax Wed, 23 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291722