https://www.taxtmi.com/caselaws?id=64070 The Tribunal held that the publication activities of the political party did not constitute a business activity due to the absence of a profit motive. Consequently, the losses from the publication department could not be adjusted against other income. Regarding the Canstar investment, the Tribunal determined that the maturity value should be treated as "income from other sources" and not as capital gains since there was no transfer involved. The appeal was dismissed concerning the publication activities, while the decision favored the assessee on the taxability of Canstar, directing the treatment of the maturity value as "income from other sources." en-us Fri, 11 Jan 2002 00:00:00 +0530 Thu, 03 Feb 2011 15:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64070 The Tribunal held that the publication activities of the political party did not constitute a business activity due to the absence of a profit motive. Consequently, the losses from the publication department could not be adjusted against other income. Regarding the Canstar investment, the Tribunal determined that the maturity value should be treated as "income from other sources" and not as capital gains since there was no transfer involved. The appeal was dismissed concerning the publication activities, while the decision favored the assessee on the taxability of Canstar, directing the treatment of the maturity value as "income from other sources." Case-Laws Income Tax Fri, 11 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64070