https://www.taxtmi.com/caselaws?id=294225 The Tribunal dismissed both appeals by the Revenue, upholding the Ld. CIT(A)'s decisions. Regarding the calculation of capital gains from the sale of flats, the Tribunal found that section 50C did not apply as the property was not registered, supporting the lower declared rate. On the disallowance of maintenance charges receipt, the Tribunal agreed with treating the receipts as business income due to consistent past practice, rejecting the AO's attempt to categorize them as rental income. en-us Fri, 31 Jan 2014 00:00:00 +0530 Mon, 29 Mar 2021 19:25:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294225 The Tribunal dismissed both appeals by the Revenue, upholding the Ld. CIT(A)'s decisions. Regarding the calculation of capital gains from the sale of flats, the Tribunal found that section 50C did not apply as the property was not registered, supporting the lower declared rate. On the disallowance of maintenance charges receipt, the Tribunal agreed with treating the receipts as business income due to consistent past practice, rejecting the AO's attempt to categorize them as rental income. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294225