https://www.taxtmi.com/caselaws?id=313571 The ITAT Kolkata dismissed the revenue's appeal, affirming the CIT(A)'s order to treat the income of Rs. 2,97,68,343 as Long Term Capital Gain (LTCG) rather than income from business and profession for AY 2006-07. The Tribunal upheld the CIT(A)'s decision, finding no error and aligning with a previous ITAT order for AY 2005-06. en-us Fri, 11 Feb 2011 00:00:00 +0530 Mon, 22 Apr 2024 15:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313571 The ITAT Kolkata dismissed the revenue's appeal, affirming the CIT(A)'s order to treat the income of Rs. 2,97,68,343 as Long Term Capital Gain (LTCG) rather than income from business and profession for AY 2006-07. The Tribunal upheld the CIT(A)'s decision, finding no error and aligning with a previous ITAT order for AY 2005-06. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313571