https://www.taxtmi.com/caselaws?id=182765 The Tribunal upheld the CIT(A)'s decision to treat income from share transactions as Long Term Capital Gain (LTCG) instead of business income, citing a previous favorable ruling for the assessee. Additionally, the Tribunal rejected the revenue's challenge to the deletion of expenses related to exempt income under section 14A of the Act, noting that the expenses had already been appropriately accounted for. Consequently, the appeal was dismissed, and the orders of the CIT(A) for the assessment year 2009-2010 were upheld. en-us Thu, 31 Jan 2013 00:00:00 +0530 Thu, 19 May 2016 11:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182765 The Tribunal upheld the CIT(A)'s decision to treat income from share transactions as Long Term Capital Gain (LTCG) instead of business income, citing a previous favorable ruling for the assessee. Additionally, the Tribunal rejected the revenue's challenge to the deletion of expenses related to exempt income under section 14A of the Act, noting that the expenses had already been appropriately accounted for. Consequently, the appeal was dismissed, and the orders of the CIT(A) for the assessment year 2009-2010 were upheld. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182765