https://www.taxtmi.com/caselaws?id=326543 The tribunal partially allowed the appellant's appeal for the assessment year 2008-09. The disallowance under section 14A of the Income Tax Act was overturned as the appellant had already claimed the expenditure related to earning the exempt dividend income. The treatment of short-term gains as business income was reversed based on previous decisions in the appellant's favor. However, the additional ground of appeal regarding long-term gains being treated as business income was dismissed as it was not pressed during the hearing. en-us Wed, 24 Feb 2016 00:00:00 +0530 Tue, 19 Apr 2016 11:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326543 The tribunal partially allowed the appellant's appeal for the assessment year 2008-09. The disallowance under section 14A of the Income Tax Act was overturned as the appellant had already claimed the expenditure related to earning the exempt dividend income. The treatment of short-term gains as business income was reversed based on previous decisions in the appellant's favor. However, the additional ground of appeal regarding long-term gains being treated as business income was dismissed as it was not pressed during the hearing. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326543