https://www.taxtmi.com/caselaws?id=118001 The tribunal ruled in favor of the assessee, determining that income from share transactions should be classified as capital gains rather than business income, based on factors like holding period and funding sources. The AO was instructed to allow the assessee to present documents for interest deductions and verify brokerage payments for potential reconsideration. en-us Thu, 12 Aug 2004 00:00:00 +0530 Sat, 29 Jun 2024 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118001 The tribunal ruled in favor of the assessee, determining that income from share transactions should be classified as capital gains rather than business income, based on factors like holding period and funding sources. The AO was instructed to allow the assessee to present documents for interest deductions and verify brokerage payments for potential reconsideration. Case-Laws Income Tax Thu, 12 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118001