https://www.taxtmi.com/caselaws?id=249925 The Tribunal upheld the CIT(A)'s decision to treat income from share transactions as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) instead of business income. The Tribunal also supported the allowance of bad debts written off as a business loss, considering it incidental to the assessee's business activities. The Tribunal dismissed the revenue's appeal and confirmed the CIT(A)'s order in both aspects. The cross objection filed by the assessee was withdrawn and dismissed as withdrawn. en-us Thu, 17 Jul 2014 00:00:00 +0530 Mon, 28 Jul 2014 09:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249925 The Tribunal upheld the CIT(A)'s decision to treat income from share transactions as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) instead of business income. The Tribunal also supported the allowance of bad debts written off as a business loss, considering it incidental to the assessee's business activities. The Tribunal dismissed the revenue's appeal and confirmed the CIT(A)'s order in both aspects. The cross objection filed by the assessee was withdrawn and dismissed as withdrawn. Case-Laws Income Tax Thu, 17 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249925