https://www.taxtmi.com/caselaws?id=213454 The Tribunal held that profits from the sale of shares should be treated as Business Income, not Short Term Capital Gain. It affirmed that advances received were not deemed dividends under section 2(22)(e). The Tribunal remanded the section 14A disallowance matter to the Assessing Officer for reassessment in line with the High Court's ruling on Rule 8D's retrospective application. en-us Wed, 30 Nov 2011 00:00:00 +0530 Mon, 18 Apr 2016 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213454 The Tribunal held that profits from the sale of shares should be treated as Business Income, not Short Term Capital Gain. It affirmed that advances received were not deemed dividends under section 2(22)(e). The Tribunal remanded the section 14A disallowance matter to the Assessing Officer for reassessment in line with the High Court's ruling on Rule 8D's retrospective application. Case-Laws Income Tax Wed, 30 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213454