https://www.taxtmi.com/caselaws?id=330768 The High Court of Gujarat ruled in favor of the assessee on all three issues presented in the case. The court held that sales tax and excise duty should be excluded for deduction under Section 80HHC, income from the sale of shares should be treated as capital gains, and the proportionate disallowance of interest under Section 14A was deleted. The judgments were based on legal principles and precedents, ultimately deciding in favor of the assessee on each matter. en-us Mon, 25 Jul 2016 00:00:00 +0530 Fri, 05 Aug 2016 17:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330768 The High Court of Gujarat ruled in favor of the assessee on all three issues presented in the case. The court held that sales tax and excise duty should be excluded for deduction under Section 80HHC, income from the sale of shares should be treated as capital gains, and the proportionate disallowance of interest under Section 14A was deleted. The judgments were based on legal principles and precedents, ultimately deciding in favor of the assessee on each matter. Case-Laws Income Tax Mon, 25 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330768