Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Profit From Shop Sale Disputed As Business Or Capital Gain; ITAT Remits Matter To AO To Verify And Reconsider Partner's Salary
Appeal Against OrderIncome Tax
ITAT remitted a matter to the AO to verify whether profit from the sale of a shop should be treated as business income or capital gain. Additionally, the tribunal directed reconsideration of partners' salary claims, ensuring accurate computation of taxable income.
