https://www.taxtmi.com/caselaws?id=189312 The Tribunal upheld the CIT(A)'s decision to treat gains from the sale of shares/mutual funds as capital gains, rejecting the Department's appeal. The assessee's Cross Objection, challenging the addition under section 14A of the I.T. Act, was withdrawn during the hearing, and the Tribunal dismissed it. The decision highlighted the consistency in the treatment of transactions over the years and the lack of evidence supporting a business income classification. en-us Fri, 08 Apr 2011 00:00:00 +0530 Thu, 05 Jan 2017 13:22:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189312 The Tribunal upheld the CIT(A)'s decision to treat gains from the sale of shares/mutual funds as capital gains, rejecting the Department's appeal. The assessee's Cross Objection, challenging the addition under section 14A of the I.T. Act, was withdrawn during the hearing, and the Tribunal dismissed it. The decision highlighted the consistency in the treatment of transactions over the years and the lack of evidence supporting a business income classification. Case-Laws Income Tax Fri, 08 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189312