https://www.taxtmi.com/caselaws?id=215574 The Tribunal upheld the classification of income from the sale of units as business income, except for Birla Sun Life Income Plus units treated as capital gains. It affirmed the treatment of units as stock-in-trade in the sale year, rejected deductions for diminution in value of investments, and remanded the interest issue under section 244A for reconsideration. The Tribunal upheld the addition due to an accounting mistake, validated the assessment reopening under section 147, and upheld the disallowance under section 14A. en-us Tue, 27 Mar 2012 00:00:00 +0530 Fri, 10 Aug 2012 22:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215574 The Tribunal upheld the classification of income from the sale of units as business income, except for Birla Sun Life Income Plus units treated as capital gains. It affirmed the treatment of units as stock-in-trade in the sale year, rejected deductions for diminution in value of investments, and remanded the interest issue under section 244A for reconsideration. The Tribunal upheld the addition due to an accounting mistake, validated the assessment reopening under section 147, and upheld the disallowance under section 14A. Case-Laws Income Tax Tue, 27 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215574