https://www.taxtmi.com/caselaws?id=435434 The appeal was partly allowed, with the Tribunal ruling in favor of the Assessee regarding the characterization of the land as a capital asset and the application of Section 50C. The Tribunal dismissed the challenge against the reopening of assessment under Section 147 of the Act. The general grounds raised were deemed unnecessary for adjudication in light of the decisions on the primary issues. en-us Fri, 17 Mar 2023 00:00:00 +0530 Mon, 20 Mar 2023 08:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435434 The appeal was partly allowed, with the Tribunal ruling in favor of the Assessee regarding the characterization of the land as a capital asset and the application of Section 50C. The Tribunal dismissed the challenge against the reopening of assessment under Section 147 of the Act. The general grounds raised were deemed unnecessary for adjudication in light of the decisions on the primary issues. Case-Laws Income Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435434