https://www.taxtmi.com/caselaws?id=313570 The ITAT Kolkata dismissed the Department's appeal against CIT(A)'s order, which classified the income as long-term capital gain rather than business income for the assessment year 2007-08. The Tribunal upheld CIT(A)'s decision, aligning with its previous ruling for the assessee's 2005-06 assessment year, and found no error in the income classification. en-us Wed, 11 May 2011 00:00:00 +0530 Mon, 22 Apr 2024 15:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313570 The ITAT Kolkata dismissed the Department's appeal against CIT(A)'s order, which classified the income as long-term capital gain rather than business income for the assessment year 2007-08. The Tribunal upheld CIT(A)'s decision, aligning with its previous ruling for the assessee's 2005-06 assessment year, and found no error in the income classification. Case-Laws Income Tax Wed, 11 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313570