https://www.taxtmi.com/caselaws?id=189438 The Tribunal allowed the appeal, overturning the decisions of the lower authorities and ruling in favor of the appellant. The Tribunal found the issues surrounding the treatment of business income from share trading and the jurisdiction of the Assessing Officer under section 154 of the Income Tax Act, 1961 to be highly debatable. Consequently, the Tribunal quashed the rectification orders, allowing the appellant's claim regarding the disallowed expenses and the recalculated rebate under section 88E. en-us Fri, 05 Aug 2011 00:00:00 +0530 Mon, 09 Jan 2017 18:08:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189438 The Tribunal allowed the appeal, overturning the decisions of the lower authorities and ruling in favor of the appellant. The Tribunal found the issues surrounding the treatment of business income from share trading and the jurisdiction of the Assessing Officer under section 154 of the Income Tax Act, 1961 to be highly debatable. Consequently, the Tribunal quashed the rectification orders, allowing the appellant's claim regarding the disallowed expenses and the recalculated rebate under section 88E. Case-Laws Income Tax Fri, 05 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189438