https://www.taxtmi.com/caselaws?id=296363 The Tribunal condoned the delay in filing the appeal by the Revenue due to time-barring assessment issues, proceeding to hear the appeal on its merits. The disallowance of expenses under section 36(1)(vii) was rejected as the appellant provided sufficient details, similar to a previous favorable decision. The reclassification of capital gain as business income was remanded to the CIT(A) for fresh adjudication based on a Supreme Court decision, resulting in partial allowance of the Revenue's appeal for statistical purposes. en-us Fri, 06 Jul 2018 00:00:00 +0530 Sat, 17 Jul 2021 07:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296363 The Tribunal condoned the delay in filing the appeal by the Revenue due to time-barring assessment issues, proceeding to hear the appeal on its merits. The disallowance of expenses under section 36(1)(vii) was rejected as the appellant provided sufficient details, similar to a previous favorable decision. The reclassification of capital gain as business income was remanded to the CIT(A) for fresh adjudication based on a Supreme Court decision, resulting in partial allowance of the Revenue's appeal for statistical purposes. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296363