https://www.taxtmi.com/caselaws?id=236117 The Tribunal upheld the assessee's classification of income from the sale of shares as short-term capital gain, emphasizing the genuine intention and treatment of shares as investments. The Tribunal rejected the revenue's challenge regarding the allowance of payment of security transaction tax and directed a re-examination of the disallowance under Section 14A based on principles laid out in a relevant case law. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross-objection for statistical purposes. en-us Thu, 08 Aug 2013 00:00:00 +0530 Wed, 14 Aug 2013 20:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236117 The Tribunal upheld the assessee's classification of income from the sale of shares as short-term capital gain, emphasizing the genuine intention and treatment of shares as investments. The Tribunal rejected the revenue's challenge regarding the allowance of payment of security transaction tax and directed a re-examination of the disallowance under Section 14A based on principles laid out in a relevant case law. The Tribunal dismissed the revenue's appeal and partly allowed the assessee's cross-objection for statistical purposes. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236117