https://www.taxtmi.com/caselaws?id=243271 The ITAT upheld the CIT(A)'s decision to treat gains from share transactions as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG), dismissing the Revenue's appeals. Regarding the restriction of expenditure and disallowance, the ITAT partly allowed the issue, directing the Assessing Officer to disallow only the expenditure related to income tax and restrict the disallowance to Rs.5000. The judgment provided a thorough analysis of the facts and legal principles, ensuring a fair decision based on the evidence presented. en-us Mon, 27 Jan 2014 00:00:00 +0530 Wed, 29 Jan 2014 10:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243271 The ITAT upheld the CIT(A)'s decision to treat gains from share transactions as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG), dismissing the Revenue's appeals. Regarding the restriction of expenditure and disallowance, the ITAT partly allowed the issue, directing the Assessing Officer to disallow only the expenditure related to income tax and restrict the disallowance to Rs.5000. The judgment provided a thorough analysis of the facts and legal principles, ensuring a fair decision based on the evidence presented. Case-Laws Income Tax Mon, 27 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243271