https://www.taxtmi.com/caselaws?id=181887 The Tribunal held that the publication department of the political party did not constitute a business activity, and thus, losses from it could not be set off against other income. It was determined that the party's objective was not profit-making, and the publication activity lacked a profit motive. Regarding the investment in Canstar units, the Tribunal ruled that the surplus on maturity should be taxed as income from other sources, considering it as interest income rather than capital gains, despite the assessee's choice of the capital gains scheme. en-us Fri, 11 Jan 2002 00:00:00 +0530 Tue, 26 Apr 2016 18:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181887 The Tribunal held that the publication department of the political party did not constitute a business activity, and thus, losses from it could not be set off against other income. It was determined that the party's objective was not profit-making, and the publication activity lacked a profit motive. Regarding the investment in Canstar units, the Tribunal ruled that the surplus on maturity should be taxed as income from other sources, considering it as interest income rather than capital gains, despite the assessee's choice of the capital gains scheme. Case-Laws Income Tax Fri, 11 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181887