https://www.taxtmi.com/caselaws?id=263601 The tribunal ruled in favor of the appellant on all issues, determining that the loss on share trading should be assessed under the head "business" rather than as short-term capital loss. Additionally, FDR interest and dividends were considered as business income, not income from other sources. The penalty under section 271(1)(c) for alleged concealment of income was canceled due to the debatable nature of the assessments and the absence of malafide intent. en-us Fri, 07 Aug 2015 00:00:00 +0530 Mon, 07 Sep 2015 07:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263601 The tribunal ruled in favor of the appellant on all issues, determining that the loss on share trading should be assessed under the head "business" rather than as short-term capital loss. Additionally, FDR interest and dividends were considered as business income, not income from other sources. The penalty under section 271(1)(c) for alleged concealment of income was canceled due to the debatable nature of the assessments and the absence of malafide intent. Case-Laws Income Tax Fri, 07 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263601