https://www.taxtmi.com/caselaws?id=405189 The Tribunal partly allowed the appeal by confirming the treatment of the property transaction as Short Term Capital Gain (STCG), directing deletion of the addition under Section 68, and allowing the verification of improvement costs. Additionally, the Tribunal allowed the loss of Rs. 70 lacs as a short-term capital loss and deleted the presumption of net profits for M/s. Goodluck Tyres. en-us Wed, 10 Mar 2021 00:00:00 +0530 Sat, 13 Mar 2021 08:40:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405189 The Tribunal partly allowed the appeal by confirming the treatment of the property transaction as Short Term Capital Gain (STCG), directing deletion of the addition under Section 68, and allowing the verification of improvement costs. Additionally, the Tribunal allowed the loss of Rs. 70 lacs as a short-term capital loss and deleted the presumption of net profits for M/s. Goodluck Tyres. Case-Laws Income Tax Wed, 10 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405189