https://www.taxtmi.com/caselaws?id=328774 The Tribunal upheld the CIT(A)'s decision to treat long-term capital gains (LTCG) as capital gains and reclassified short-term capital gains (STCG) from business income to capital gains, emphasizing consistency and the Assessee's historical treatment. The Tribunal modified the disallowance under Section 14A, removing the interest disallowance but upholding other expenses' disallowance. The Assessee's appeals were partly allowed, while the Revenue's appeal was dismissed. en-us Fri, 13 May 2016 00:00:00 +0530 Tue, 14 Jun 2016 12:56:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328774 The Tribunal upheld the CIT(A)'s decision to treat long-term capital gains (LTCG) as capital gains and reclassified short-term capital gains (STCG) from business income to capital gains, emphasizing consistency and the Assessee's historical treatment. The Tribunal modified the disallowance under Section 14A, removing the interest disallowance but upholding other expenses' disallowance. The Assessee's appeals were partly allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328774