https://www.taxtmi.com/caselaws?id=304831 The tribunal upheld the CIT's decision under section 263 of the IT Act, 1961, regarding the treatment of property transactions as stock in trade rather than capital gains. In the appeal against the order under section 143(3) r.w.s.263, the tribunal dismissed the appeal but allowed the second appeal for statistical purposes, emphasizing the need for specific directions in such orders. The judgment provides a detailed analysis of the issues raised by the parties and the tribunal's rationale for its decisions. en-us Fri, 21 Apr 2017 00:00:00 +0530 Sun, 30 Oct 2022 21:33:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304831 The tribunal upheld the CIT's decision under section 263 of the IT Act, 1961, regarding the treatment of property transactions as stock in trade rather than capital gains. In the appeal against the order under section 143(3) r.w.s.263, the tribunal dismissed the appeal but allowed the second appeal for statistical purposes, emphasizing the need for specific directions in such orders. The judgment provides a detailed analysis of the issues raised by the parties and the tribunal's rationale for its decisions. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304831