https://www.taxtmi.com/caselaws?id=122775 The Tribunal held that profits on the sale of investments by the assessee were not taxable, emphasizing that specific provisions for exemption were necessary. The decision was based on the Pune Bench ruling and the legal framework under the Income-tax Act. The Tribunal directed the Assessing Officer to exclude these profits from the assessee's taxable income, granting relief in favor of the assessee for the assessment years in question (2002-03, 2003-04, and 2004-05). en-us Thu, 22 Oct 2009 00:00:00 +0530 Mon, 25 Sep 2023 14:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122775 The Tribunal held that profits on the sale of investments by the assessee were not taxable, emphasizing that specific provisions for exemption were necessary. The decision was based on the Pune Bench ruling and the legal framework under the Income-tax Act. The Tribunal directed the Assessing Officer to exclude these profits from the assessee's taxable income, granting relief in favor of the assessee for the assessment years in question (2002-03, 2003-04, and 2004-05). Case-Laws Income Tax Thu, 22 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122775