https://www.taxtmi.com/caselaws?id=331615 The Tribunal affirmed the decision to classify the gain on sale and purchase of shares as business income due to the lack of sufficient evidence supporting the existence of separate portfolios. Additionally, the disallowance of interest expenditure was upheld as the assessee did not press this ground during the hearing. The appeal was dismissed by the Appellate Tribunal ITAT Pune on July 22, 2016. en-us Fri, 22 Jul 2016 00:00:00 +0530 Mon, 29 Aug 2016 11:29:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331615 The Tribunal affirmed the decision to classify the gain on sale and purchase of shares as business income due to the lack of sufficient evidence supporting the existence of separate portfolios. Additionally, the disallowance of interest expenditure was upheld as the assessee did not press this ground during the hearing. The appeal was dismissed by the Appellate Tribunal ITAT Pune on July 22, 2016. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331615