https://www.taxtmi.com/caselaws?id=255454 The Tribunal partially allowed the appeal by ruling that gains from the sale of shares should be treated as 'Capital Gains' rather than 'Income from Business'. The disallowance of expenses worth Rs. 33,367 was dismissed as not pressed. Additionally, the restriction on exemption under Section 17(2) was lifted, allowing the full claimed amount of Rs. 90,090. en-us Wed, 07 Jan 2015 00:00:00 +0530 Sat, 17 Jan 2015 09:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255454 The Tribunal partially allowed the appeal by ruling that gains from the sale of shares should be treated as 'Capital Gains' rather than 'Income from Business'. The disallowance of expenses worth Rs. 33,367 was dismissed as not pressed. Additionally, the restriction on exemption under Section 17(2) was lifted, allowing the full claimed amount of Rs. 90,090. Case-Laws Income Tax Wed, 07 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255454