https://www.taxtmi.com/caselaws?id=271891 The Tribunal upheld the Ld. CIT(A)'s decision in the case, ruling in favor of the appellant. The appellant's sale of shares was treated as capital in nature, not normal business income, based on the investment nature of the transaction. Additionally, the advertisement expenses were allowed as they met the requirements for business promotion under section 37(1) of the Act. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the decisions on both issues and partly allowing the appeal by deleting the disputed additions. en-us Mon, 04 Jan 2016 00:00:00 +0530 Sat, 20 Feb 2016 10:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271891 The Tribunal upheld the Ld. CIT(A)'s decision in the case, ruling in favor of the appellant. The appellant's sale of shares was treated as capital in nature, not normal business income, based on the investment nature of the transaction. Additionally, the advertisement expenses were allowed as they met the requirements for business promotion under section 37(1) of the Act. Consequently, the Tribunal dismissed the Revenue's appeal, affirming the decisions on both issues and partly allowing the appeal by deleting the disputed additions. Case-Laws Income Tax Mon, 04 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271891