https://www.taxtmi.com/caselaws?id=215510 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. The income from the sale and purchase of shares was classified as capital gains, not business income, based on consistent facts and law across assessment years. Portfolio management fees were allowed as a deductible expense, following the Tribunal's previous ruling and amendments to SEBI regulations allowing such fees. en-us Wed, 25 Jul 2012 00:00:00 +0530 Sat, 09 Apr 2016 13:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215510 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. The income from the sale and purchase of shares was classified as capital gains, not business income, based on consistent facts and law across assessment years. Portfolio management fees were allowed as a deductible expense, following the Tribunal's previous ruling and amendments to SEBI regulations allowing such fees. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215510