https://www.taxtmi.com/caselaws?id=60506 The appeal filed by the department against the CIT (Appeals)'s order was initially found to be time-barred by 2 days, but the delay was condoned, and the appeal was admitted. Regarding the treatment of land and building as separate assets for capital gains calculation, the Tribunal upheld the CIT (Appeals)'s decision, allowing the bifurcation of capital gains for land and building as distinct assets. Citing legal precedents from various High Courts, the Tribunal dismissed the department's appeal, affirming the separate assessment of capital gains for land and building even when sold together. en-us Wed, 02 Aug 2000 00:00:00 +0530 Wed, 05 Jan 2011 16:19:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60506 The appeal filed by the department against the CIT (Appeals)'s order was initially found to be time-barred by 2 days, but the delay was condoned, and the appeal was admitted. Regarding the treatment of land and building as separate assets for capital gains calculation, the Tribunal upheld the CIT (Appeals)'s decision, allowing the bifurcation of capital gains for land and building as distinct assets. Citing legal precedents from various High Courts, the Tribunal dismissed the department's appeal, affirming the separate assessment of capital gains for land and building even when sold together. Case-Laws Income Tax Wed, 02 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60506