https://www.taxtmi.com/caselaws?id=414361 The Tribunal dismissed the revenue's appeal on all grounds, upholding the CIT(A)'s decisions on issues related to estimation of business profits, LTCG on land conversion, disallowance of professional fees, and deferred revenue expenditure. The Tribunal also upheld the allowance of capital losses on sale of shares. In regards to various expenses, the Tribunal reduced the disallowance percentages set by the CIT(A), partly allowing the assessee's appeal. en-us Wed, 27 Oct 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414361 The Tribunal dismissed the revenue's appeal on all grounds, upholding the CIT(A)'s decisions on issues related to estimation of business profits, LTCG on land conversion, disallowance of professional fees, and deferred revenue expenditure. The Tribunal also upheld the allowance of capital losses on sale of shares. In regards to various expenses, the Tribunal reduced the disallowance percentages set by the CIT(A), partly allowing the assessee's appeal. Case-Laws Income Tax Wed, 27 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414361