https://www.taxtmi.com/caselaws?id=208432 The appellant's appeal was partly allowed. The tribunal rejected the contentions regarding framing of assessment order without a show cause notice, treatment of business loss on shares as speculation loss, disallowance of interest expenditure, and treatment of business expenditure on share transfer fees as speculation business expenditure. However, the tribunal allowed the appellant's contention that long-term capital gain on the sale of shares should not be treated as speculation gain. The tribunal also directed re-computation of interest under sections 234A, 234B, and 234C. No arguments were made regarding withdrawal of interest under section 244A. en-us Fri, 28 Jan 2011 00:00:00 +0530 Thu, 22 Sep 2016 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208432 The appellant's appeal was partly allowed. The tribunal rejected the contentions regarding framing of assessment order without a show cause notice, treatment of business loss on shares as speculation loss, disallowance of interest expenditure, and treatment of business expenditure on share transfer fees as speculation business expenditure. However, the tribunal allowed the appellant's contention that long-term capital gain on the sale of shares should not be treated as speculation gain. The tribunal also directed re-computation of interest under sections 234A, 234B, and 234C. No arguments were made regarding withdrawal of interest under section 244A. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208432