https://www.taxtmi.com/caselaws?id=219320 The Tribunal ruled in favor of the assessee in the case, directing the Assessing Officer to treat gains from the investment portfolio as capital gains instead of business income. The disallowance of Securities Transaction Tax was remanded back to the A.O. for further investigation, as the Tribunal found insufficient evidence to support the assessee's claim. The issue of loss on unexpired contracts related to futures and options was rejected as the assessee did not press the ground during the hearing. en-us Fri, 31 Aug 2012 00:00:00 +0530 Tue, 11 Dec 2012 09:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219320 The Tribunal ruled in favor of the assessee in the case, directing the Assessing Officer to treat gains from the investment portfolio as capital gains instead of business income. The disallowance of Securities Transaction Tax was remanded back to the A.O. for further investigation, as the Tribunal found insufficient evidence to support the assessee's claim. The issue of loss on unexpired contracts related to futures and options was rejected as the assessee did not press the ground during the hearing. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219320