https://www.taxtmi.com/caselaws?id=209419 The Tribunal upheld the CIT(A)'s decisions regarding the classification of income as capital gains, directing the AO to accept the declared capital gains by the assessee. The deductibility of SEBI registration fees was allowed as per the CIT(A)'s order, supported by the Tribunal. However, the issue of disallowance under Section 14A for exempt income was remitted back to the AO for reconsideration, following the Tribunal's directives. The appeals for the assessment year 2005-06 were partly allowed for statistical purposes, while the appeal for the assessment year 2006-07 was dismissed. en-us Fri, 28 Jan 2011 00:00:00 +0530 Sat, 20 Jul 2013 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209419 The Tribunal upheld the CIT(A)'s decisions regarding the classification of income as capital gains, directing the AO to accept the declared capital gains by the assessee. The deductibility of SEBI registration fees was allowed as per the CIT(A)'s order, supported by the Tribunal. However, the issue of disallowance under Section 14A for exempt income was remitted back to the AO for reconsideration, following the Tribunal's directives. The appeals for the assessment year 2005-06 were partly allowed for statistical purposes, while the appeal for the assessment year 2006-07 was dismissed. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209419