https://www.taxtmi.com/caselaws?id=293881 The Appellate Tribunal ITAT Mumbai ruled in favor of the appellant in a tax dispute concerning the amount received for agreeing to redevelopment, holding it not taxable as capital gain. The Tribunal also accepted the appellant's argument against the disallowance under Rule 8D of the Income Tax Rules, citing the absence of evidence of expenditure related to earning exempt income. However, the judgment did not provide specific details or resolution regarding the chargeability of interest under sections 234A, 234B, and 234C. en-us Fri, 31 Jul 2015 00:00:00 +0530 Sun, 07 Mar 2021 10:23:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293881 The Appellate Tribunal ITAT Mumbai ruled in favor of the appellant in a tax dispute concerning the amount received for agreeing to redevelopment, holding it not taxable as capital gain. The Tribunal also accepted the appellant's argument against the disallowance under Rule 8D of the Income Tax Rules, citing the absence of evidence of expenditure related to earning exempt income. However, the judgment did not provide specific details or resolution regarding the chargeability of interest under sections 234A, 234B, and 234C. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293881