https://www.taxtmi.com/caselaws?id=433410 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition made by the Assessing Officer under the head of capital gain. It clarified that the correct taxation of capital gains or business receipts should be determined based on ownership of the capital asset and not on the basis of proceeds credited to a third party or attorney. en-us Thu, 19 Jan 2023 00:00:00 +0530 Mon, 30 Jan 2023 09:03:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433410 The Tribunal allowed the appeal of the assessee, directing the deletion of the addition made by the Assessing Officer under the head of capital gain. It clarified that the correct taxation of capital gains or business receipts should be determined based on ownership of the capital asset and not on the basis of proceeds credited to a third party or attorney. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433410