https://www.taxtmi.com/caselaws?id=435996 The Tribunal upheld that the property sold was a capital asset and dismissed the Revenue's appeal. However, it found fault with the allowance of the cost of construction without proper evidence and remitted this aspect for reevaluation. The appeal was partly allowed, and the matter was remanded for further proceedings in accordance with the Tribunal's directions. en-us Thu, 01 Dec 2022 00:00:00 +0530 Sat, 01 Apr 2023 08:21:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435996 The Tribunal upheld that the property sold was a capital asset and dismissed the Revenue's appeal. However, it found fault with the allowance of the cost of construction without proper evidence and remitted this aspect for reevaluation. The appeal was partly allowed, and the matter was remanded for further proceedings in accordance with the Tribunal's directions. Case-Laws Income Tax Thu, 01 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435996