https://www.taxtmi.com/caselaws?id=337728 The Tribunal allowed the appeal in part, ruling in favor of the appellant on various grounds including the treatment of investment in shares as capital gains rather than stock-in-trade, assessment of capital losses under the head of capital gains, and dismissing the challenge against the disallowance under Section 14A. The Tribunal deemed the interest levy under Section 234B as premature and dismissed the penalty proceedings under Section 271(1)(c) as premature, resulting in the appeal being partly allowed based on the merits of the arguments presented. en-us Mon, 09 Jan 2017 00:00:00 +0530 Thu, 12 Jan 2017 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337728 The Tribunal allowed the appeal in part, ruling in favor of the appellant on various grounds including the treatment of investment in shares as capital gains rather than stock-in-trade, assessment of capital losses under the head of capital gains, and dismissing the challenge against the disallowance under Section 14A. The Tribunal deemed the interest levy under Section 234B as premature and dismissed the penalty proceedings under Section 271(1)(c) as premature, resulting in the appeal being partly allowed based on the merits of the arguments presented. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337728