https://www.taxtmi.com/caselaws?id=207115 The Tribunal ruled in favor of the assessee, treating the share transactions as short-term capital gains instead of business income. It reduced the disallowances on car expenses and business development expenses, finding insufficient evidence of exclusive business use. The Tribunal also directed the AO to provide consequential relief for interest levies under Sections 234A, 234B, 234C, and 234D. en-us Thu, 04 Feb 2010 00:00:00 +0530 Wed, 22 May 2013 11:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207115 The Tribunal ruled in favor of the assessee, treating the share transactions as short-term capital gains instead of business income. It reduced the disallowances on car expenses and business development expenses, finding insufficient evidence of exclusive business use. The Tribunal also directed the AO to provide consequential relief for interest levies under Sections 234A, 234B, 234C, and 234D. Case-Laws Income Tax Thu, 04 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207115