https://www.taxtmi.com/caselaws?id=268055 The Tribunal ruled in favor of the assessee on multiple issues. It classified interest income as business income, limited the disallowance under Section 14A, allowed interest expenditure as a business expense, excluded administrative and selling expenses from work-in-progress, and corrected the error in taxing short term capital gain twice. en-us Wed, 23 Sep 2015 00:00:00 +0530 Thu, 19 Nov 2015 06:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268055 The Tribunal ruled in favor of the assessee on multiple issues. It classified interest income as business income, limited the disallowance under Section 14A, allowed interest expenditure as a business expense, excluded administrative and selling expenses from work-in-progress, and corrected the error in taxing short term capital gain twice. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268055