https://www.taxtmi.com/caselaws?id=191279 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to treat income from the sale of shares as capital gains instead of business income. The appellant successfully argued that the shares sold were investments, not part of a business activity. The Tribunal cited a previous decision supporting this classification. The second issue regarding disallowance under section 14A was dismissed as the appellant did not pursue it during proceedings. The decision was issued on August 20, 2010. en-us Fri, 20 Aug 2010 00:00:00 +0530 Tue, 28 Mar 2017 17:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191279 The Tribunal ruled in favor of the appellant, directing the Assessing Officer to treat income from the sale of shares as capital gains instead of business income. The appellant successfully argued that the shares sold were investments, not part of a business activity. The Tribunal cited a previous decision supporting this classification. The second issue regarding disallowance under section 14A was dismissed as the appellant did not pursue it during proceedings. The decision was issued on August 20, 2010. Case-Laws Income Tax Fri, 20 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191279