https://www.taxtmi.com/caselaws?id=181690 The Tribunal upheld the decision that profit from the sale of shares held as investment should be treated as short-term capital gain, not business income. Regarding disallowance under section 14A, the Tribunal upheld the CIT(A)'s decision for one assessment year but set aside the direction for another year due to Rule 8D inapplicability. All Revenue appeals were dismissed, and the assessee's appeal was allowed. en-us Wed, 09 Dec 2015 00:00:00 +0530 Fri, 22 Apr 2016 09:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181690 The Tribunal upheld the decision that profit from the sale of shares held as investment should be treated as short-term capital gain, not business income. Regarding disallowance under section 14A, the Tribunal upheld the CIT(A)'s decision for one assessment year but set aside the direction for another year due to Rule 8D inapplicability. All Revenue appeals were dismissed, and the assessee's appeal was allowed. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181690