https://www.taxtmi.com/caselaws?id=251329 The Tribunal allowed the appeal of the assessee, determining that profits from Portfolio Management Services (PMS) should be treated as capital gains, not business income, per the Delhi High Court's precedent. Additionally, the Tribunal held that dividend income from PMS is exempt under Section 10(34) of the Income Tax Act and should not be taxed as business income. The order was pronounced on 28/08/2014. en-us Thu, 28 Aug 2014 00:00:00 +0530 Thu, 11 Sep 2014 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251329 The Tribunal allowed the appeal of the assessee, determining that profits from Portfolio Management Services (PMS) should be treated as capital gains, not business income, per the Delhi High Court's precedent. Additionally, the Tribunal held that dividend income from PMS is exempt under Section 10(34) of the Income Tax Act and should not be taxed as business income. The order was pronounced on 28/08/2014. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251329