https://www.taxtmi.com/caselaws?id=340740 The High Court ruled in favor of the appellant regarding the treatment of income from the sale of shares as long-term capital gains instead of business income. The Court remanded the issue of whether the shares should be considered stock in trade back to the Tribunal for further consideration. Additionally, the Court upheld the appellant's position on the disallowance of interest on borrowed funds advanced to parties, dismissing the Revenue's appeals and confirming the Tribunal's decision. en-us Tue, 07 Mar 2017 00:00:00 +0530 Fri, 24 Mar 2017 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340740 The High Court ruled in favor of the appellant regarding the treatment of income from the sale of shares as long-term capital gains instead of business income. The Court remanded the issue of whether the shares should be considered stock in trade back to the Tribunal for further consideration. Additionally, the Court upheld the appellant's position on the disallowance of interest on borrowed funds advanced to parties, dismissing the Revenue's appeals and confirming the Tribunal's decision. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340740