https://www.taxtmi.com/caselaws?id=406049 The tribunal allowed the appeal for condonation of delay in filing, admitting it for adjudication. Regarding the classification of income from the sale of land, the tribunal set aside the appeals for both assessment years, directing the AO to reconsider the issue independently based on evidence provided by the assessee. The tribunal emphasized that if the lands sold were different from those of the AOP, profits should be assessed separately. The AO was instructed to determine the nature of income and its assessability under the appropriate head. en-us Fri, 19 Mar 2021 00:00:00 +0530 Sat, 03 Apr 2021 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406049 The tribunal allowed the appeal for condonation of delay in filing, admitting it for adjudication. Regarding the classification of income from the sale of land, the tribunal set aside the appeals for both assessment years, directing the AO to reconsider the issue independently based on evidence provided by the assessee. The tribunal emphasized that if the lands sold were different from those of the AOP, profits should be assessed separately. The AO was instructed to determine the nature of income and its assessability under the appropriate head. Case-Laws Income Tax Fri, 19 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406049