https://www.taxtmi.com/caselaws?id=326001 The Tribunal set aside the decision treating gains on the sale of shares as business income, remanding the issue for fresh assessment due to insufficient findings on transactions between portfolios. The premature penalty proceedings under sections 271(1)(c) and 271-B were dismissed, with the appeal partly allowed for statistical purposes. en-us Tue, 16 Feb 2016 00:00:00 +0530 Mon, 04 Apr 2016 09:11:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326001 The Tribunal set aside the decision treating gains on the sale of shares as business income, remanding the issue for fresh assessment due to insufficient findings on transactions between portfolios. The premature penalty proceedings under sections 271(1)(c) and 271-B were dismissed, with the appeal partly allowed for statistical purposes. Case-Laws Income Tax Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326001