https://www.taxtmi.com/caselaws?id=421388 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's appeal and dismissing the Revenue's appeal. The profits from the sale of land parcels were classified under 'capital gains' instead of 'business income'. The Tribunal emphasized the long holding period, absence of trading activities, and use of own funds as factors supporting the capital investment nature of the transactions. The judgment was pronounced on 15/11/2021. en-us Mon, 15 Nov 2021 00:00:00 +0530 Sat, 23 Apr 2022 03:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421388 The Tribunal upheld the CIT(A)'s decision, allowing the assessee's appeal and dismissing the Revenue's appeal. The profits from the sale of land parcels were classified under 'capital gains' instead of 'business income'. The Tribunal emphasized the long holding period, absence of trading activities, and use of own funds as factors supporting the capital investment nature of the transactions. The judgment was pronounced on 15/11/2021. Case-Laws Income Tax Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421388