https://www.taxtmi.com/caselaws?id=243319 The tribunal upheld the assessee's treatment of income from the sale of shares as capital gains, emphasizing the intention and consistent treatment in previous years. Interest income was classified as business income due to the organized lending activities. Regarding expenses disallowance under Section 14A, the tribunal restricted it for certain years and remanded other aspects for fresh adjudication. The tribunal dismissed the revenue's appeals, partly allowed the assessee's appeals, and stressed the importance of consistency and proper expense attribution, aligning with established judicial precedents. en-us Mon, 27 Jan 2014 00:00:00 +0530 Tue, 24 Mar 2015 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243319 The tribunal upheld the assessee's treatment of income from the sale of shares as capital gains, emphasizing the intention and consistent treatment in previous years. Interest income was classified as business income due to the organized lending activities. Regarding expenses disallowance under Section 14A, the tribunal restricted it for certain years and remanded other aspects for fresh adjudication. The tribunal dismissed the revenue's appeals, partly allowed the assessee's appeals, and stressed the importance of consistency and proper expense attribution, aligning with established judicial precedents. Case-Laws Income Tax Mon, 27 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243319