https://www.taxtmi.com/caselaws?id=257111 The Tribunal upheld the tax treatment of income from the sale of investments as business income instead of capital gain for the assessment year. The Tribunal dismissed the appeal on this ground, noting past decisions against the assessee. Additionally, the Tribunal rejected the argument to treat the investment as stock and trade, stating it should be considered in trade once income is treated as business income. The disallowance under Section 14A was overturned as Rule 8D was found inapplicable, and the additional disallowance made by the assessing officer was deleted. The appeal was allowed on the ground of the addition in respect of the sale of office premises, accepting the sale consideration shown by the assessee for the set back area. en-us Mon, 22 Dec 2014 00:00:00 +0530 Tue, 03 Mar 2015 07:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257111 The Tribunal upheld the tax treatment of income from the sale of investments as business income instead of capital gain for the assessment year. The Tribunal dismissed the appeal on this ground, noting past decisions against the assessee. Additionally, the Tribunal rejected the argument to treat the investment as stock and trade, stating it should be considered in trade once income is treated as business income. The disallowance under Section 14A was overturned as Rule 8D was found inapplicable, and the additional disallowance made by the assessing officer was deleted. The appeal was allowed on the ground of the addition in respect of the sale of office premises, accepting the sale consideration shown by the assessee for the set back area. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257111