https://www.taxtmi.com/caselaws?id=261718 The Revenue's appeal, which was initially delayed but later condoned, was dismissed. The income from the sale of shares was treated as Long Term Capital Gains (LTCG) based on the original intention to hold shares as investments. The disallowance of travelling and conveyance charges was overturned, as the expenses were deemed to be for business purposes. The disallowance related to exempt income was reduced to 1% of the dividend income. The Tribunal upheld the decisions on income treatment and travelling charges but partially allowed the Cross Objection. en-us Wed, 01 Jul 2015 00:00:00 +0530 Fri, 17 Jul 2015 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261718 The Revenue's appeal, which was initially delayed but later condoned, was dismissed. The income from the sale of shares was treated as Long Term Capital Gains (LTCG) based on the original intention to hold shares as investments. The disallowance of travelling and conveyance charges was overturned, as the expenses were deemed to be for business purposes. The disallowance related to exempt income was reduced to 1% of the dividend income. The Tribunal upheld the decisions on income treatment and travelling charges but partially allowed the Cross Objection. Case-Laws Income Tax Wed, 01 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261718