https://www.taxtmi.com/caselaws?id=267673 The appellate tribunal ruled in favor of the assessee, holding that gains from transactions through Portfolio Management Services should be taxed as capital gains, not business income, based on previous tribunal decisions and the nature of the investments made. The judgment did not delve deeply into the issue of interest charged under sections 234B & 234C, as the primary focus was on the classification of income from share transactions. en-us Mon, 05 Oct 2015 00:00:00 +0530 Tue, 10 Nov 2015 21:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267673 The appellate tribunal ruled in favor of the assessee, holding that gains from transactions through Portfolio Management Services should be taxed as capital gains, not business income, based on previous tribunal decisions and the nature of the investments made. The judgment did not delve deeply into the issue of interest charged under sections 234B & 234C, as the primary focus was on the classification of income from share transactions. Case-Laws Income Tax Mon, 05 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267673