https://www.taxtmi.com/caselaws?id=248525 The Tribunal determined that gains from the purchase and sale of shares by the Assessee should be treated as capital gains rather than business income, based on the nature of the asset and previous decisions. The length of holding affects the category of capital gains but not the fundamental nature of the gain. Additionally, the disallowance under section 14A for the assessment year 2007-08 was dismissed as the Assessee did not press the issue during the hearing. The Tribunal partially allowed the Assessee's appeal for the assessment year 2007-08 and fully for the assessment year 2009-10. en-us Wed, 28 May 2014 00:00:00 +0530 Sat, 14 Jun 2014 21:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248525 The Tribunal determined that gains from the purchase and sale of shares by the Assessee should be treated as capital gains rather than business income, based on the nature of the asset and previous decisions. The length of holding affects the category of capital gains but not the fundamental nature of the gain. Additionally, the disallowance under section 14A for the assessment year 2007-08 was dismissed as the Assessee did not press the issue during the hearing. The Tribunal partially allowed the Assessee's appeal for the assessment year 2007-08 and fully for the assessment year 2009-10. Case-Laws Income Tax Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248525