https://www.taxtmi.com/caselaws?id=430403 The Appellate Tribunal remanded a case concerning the application of section 50 of the Income-tax Act on the addition of capital gains from property sale as short term capital gain. Dispute arose over whether the property was part of depreciable assets. The Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision, directing the Assessing Officer to verify if depreciation was allowed on the property. The appeal was allowed for statistical purposes. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 18 Nov 2022 10:34:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430403 The Appellate Tribunal remanded a case concerning the application of section 50 of the Income-tax Act on the addition of capital gains from property sale as short term capital gain. Dispute arose over whether the property was part of depreciable assets. The Tribunal set aside the Commissioner of Income Tax (Appeals)'s decision, directing the Assessing Officer to verify if depreciation was allowed on the property. The appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430403