https://www.taxtmi.com/caselaws?id=419258 The Tribunal allowed the assessee's appeal, rejecting the reclassification of income from capital gains to business income and disallowances of selling expenses and under Section 40(a)(ia) as they lacked incriminating material found during the search. The Revenue's appeal challenging the CIT(A)'s decision to treat the income as capital gains was dismissed. en-us Wed, 02 Mar 2022 00:00:00 +0530 Mon, 07 Mar 2022 08:43:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419258 The Tribunal allowed the assessee's appeal, rejecting the reclassification of income from capital gains to business income and disallowances of selling expenses and under Section 40(a)(ia) as they lacked incriminating material found during the search. The Revenue's appeal challenging the CIT(A)'s decision to treat the income as capital gains was dismissed. Case-Laws Income Tax Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419258