https://www.taxtmi.com/caselaws?id=412899 The Revenue's appeal against the Commissioner of Income Tax (Appeals)-8, Pune's decision to tax 50% of the sale consideration received in the relevant year was dismissed. The CIT(A) relied on a previous case and the ITAT Pune Benches' decision, concluding that 50% of the consideration should be charged under capital gains. Emphasizing consistency with past decisions, the court upheld the CIT(A)'s order, highlighting the importance of aligning tax assessments with established principles and precedents. en-us Thu, 16 Sep 2021 00:00:00 +0530 Wed, 29 Sep 2021 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412899 The Revenue's appeal against the Commissioner of Income Tax (Appeals)-8, Pune's decision to tax 50% of the sale consideration received in the relevant year was dismissed. The CIT(A) relied on a previous case and the ITAT Pune Benches' decision, concluding that 50% of the consideration should be charged under capital gains. Emphasizing consistency with past decisions, the court upheld the CIT(A)'s order, highlighting the importance of aligning tax assessments with established principles and precedents. Case-Laws Income Tax Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412899