https://www.taxtmi.com/caselaws?id=249133 The ITAT partially allowed the appeal, ruling in favor of the appellant regarding the treatment of transactions as business income and the premature invocation of penalty provisions. The judgment emphasized the distinction between capital gains and business income based on the nature of the transactions and the intention behind them. en-us Tue, 24 Jun 2014 00:00:00 +0530 Fri, 04 Jul 2014 20:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249133 The ITAT partially allowed the appeal, ruling in favor of the appellant regarding the treatment of transactions as business income and the premature invocation of penalty provisions. The judgment emphasized the distinction between capital gains and business income based on the nature of the transactions and the intention behind them. Case-Laws Income Tax Tue, 24 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249133