https://www.taxtmi.com/caselaws?id=178857 The Tribunal upheld the CIT(A)'s decisions on all issues. The short-term capital gain was treated as business income due to the nature and frequency of transactions. The disallowances of telephone and motorcar expenses were deemed reasonable and justified. Consequently, both appeals filed by the assessee were dismissed. en-us Tue, 31 Aug 2010 00:00:00 +0530 Fri, 08 Sep 2023 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178857 The Tribunal upheld the CIT(A)'s decisions on all issues. The short-term capital gain was treated as business income due to the nature and frequency of transactions. The disallowances of telephone and motorcar expenses were deemed reasonable and justified. Consequently, both appeals filed by the assessee were dismissed. Case-Laws Income Tax Tue, 31 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178857