https://www.taxtmi.com/caselaws?id=471721 Long-term capital gains exemption on share sales requires reconsideration where the initial deletion rested on an absence of investigation or adverse material, but subsequently produced material may affect that factual premise. Its merits and evidentiary value require examination after hearing both sides. Income arising under a real-estate collaboration agreement also requires fresh review where the treatment of receipts did not assess the transfer of development rights and land held as stock-in-trade as an integrated transaction. Revenue recognition and the relevant factual material must be evaluated before either addition is sustained or deleted. en-us Wed, 09 Apr 2025 00:00:00 +0530 Tue, 15 Sep 2026 19:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471721 Long-term capital gains exemption on share sales requires reconsideration where the initial deletion rested on an absence of investigation or adverse material, but subsequently produced material may affect that factual premise. Its merits and evidentiary value require examination after hearing both sides. Income arising under a real-estate collaboration agreement also requires fresh review where the treatment of receipts did not assess the transfer of development rights and land held as stock-in-trade as an integrated transaction. Revenue recognition and the relevant factual material must be evaluated before either addition is sustained or deleted. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471721