https://www.taxtmi.com/caselaws?id=261837 The ITAT dismissed the AO's appeal and upheld the CIT(A)'s decisions on all issues, including the computation of income from house property based on standard rent, treatment of share transactions as short-term capital gains or business income, deletion of proportionate expenses, re-computation of disallowance under Section 14A, and treatment of share transactions held for up to one month. The judgment stressed the significance of consistency in tax treatment and the requirement of a factual basis for any disallowances or estimations by the AO. en-us Wed, 22 Jul 2015 00:00:00 +0530 Thu, 23 Jul 2015 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261837 The ITAT dismissed the AO's appeal and upheld the CIT(A)'s decisions on all issues, including the computation of income from house property based on standard rent, treatment of share transactions as short-term capital gains or business income, deletion of proportionate expenses, re-computation of disallowance under Section 14A, and treatment of share transactions held for up to one month. The judgment stressed the significance of consistency in tax treatment and the requirement of a factual basis for any disallowances or estimations by the AO. Case-Laws Income Tax Wed, 22 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261837