https://www.taxtmi.com/caselaws?id=270425 The Tribunal classified income from the sale of shares as 'Capital Gain', considering the intention, treatment in books, and absence of borrowed funds for share purchases. The disallowance under section 40(a)(ia) for non-deduction of tax on interest payment was upheld, as the Tribunal clarified the applicable TDS provision. The appeal was allowed in part, with the income from shares treated as 'Capital Gain', and the disallowance upheld. Other grounds raised were dismissed. The order was pronounced on October 16, 2015. en-us Fri, 16 Oct 2015 00:00:00 +0530 Mon, 08 Aug 2022 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270425 The Tribunal classified income from the sale of shares as 'Capital Gain', considering the intention, treatment in books, and absence of borrowed funds for share purchases. The disallowance under section 40(a)(ia) for non-deduction of tax on interest payment was upheld, as the Tribunal clarified the applicable TDS provision. The appeal was allowed in part, with the income from shares treated as 'Capital Gain', and the disallowance upheld. Other grounds raised were dismissed. The order was pronounced on October 16, 2015. Case-Laws Income Tax Fri, 16 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270425