https://www.taxtmi.com/caselaws?id=181408 The Tribunal upheld the Commissioner (Appeals)'s decision to treat profits from shares held for more than one year as "Long Term Capital Gain," while directing a fresh examination for short-term capital gains. The disallowance of bad debt claims and business expenses under Section 14A was upheld, and losses on derivative transactions were treated as speculative for one assessment year and non-speculative for another, in line with legal amendments and judicial decisions. The judgment emphasized consistency in tax treatment and adherence to specific legal precedents. en-us Tue, 31 Jan 2012 00:00:00 +0530 Mon, 14 Aug 2017 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181408 The Tribunal upheld the Commissioner (Appeals)'s decision to treat profits from shares held for more than one year as "Long Term Capital Gain," while directing a fresh examination for short-term capital gains. The disallowance of bad debt claims and business expenses under Section 14A was upheld, and losses on derivative transactions were treated as speculative for one assessment year and non-speculative for another, in line with legal amendments and judicial decisions. The judgment emphasized consistency in tax treatment and adherence to specific legal precedents. Case-Laws Income Tax Tue, 31 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181408