https://www.taxtmi.com/caselaws?id=330981 The ITAT ruled in favor of the assessee, directing the AO to treat the income from share transactions as capital gains rather than business income. Additionally, the disallowance under section 14A was restricted to the dividend income earned during the year, partially allowing the appeal of the assessee. en-us Wed, 29 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330981 The ITAT ruled in favor of the assessee, directing the AO to treat the income from share transactions as capital gains rather than business income. Additionally, the disallowance under section 14A was restricted to the dividend income earned during the year, partially allowing the appeal of the assessee. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330981