https://www.taxtmi.com/caselaws?id=326625 The Tribunal concluded that the profit from the sale of shares held as investments should be taxed as short-term capital gains (STCG) and not as business income, dismissing the Revenue's appeal. Regarding the disallowance under Section 14A, the Tribunal partly allowed the Revenue's appeal, directing a revised disallowance of Rs. 45,79,093. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision on the classification of income from the sale of shares and modified the disallowance under Section 14A. en-us Fri, 15 Apr 2016 00:00:00 +0530 Thu, 21 Apr 2016 10:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326625 The Tribunal concluded that the profit from the sale of shares held as investments should be taxed as short-term capital gains (STCG) and not as business income, dismissing the Revenue's appeal. Regarding the disallowance under Section 14A, the Tribunal partly allowed the Revenue's appeal, directing a revised disallowance of Rs. 45,79,093. The Tribunal upheld the Commissioner of Income Tax (Appeals) decision on the classification of income from the sale of shares and modified the disallowance under Section 14A. Case-Laws Income Tax Fri, 15 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326625