https://www.taxtmi.com/caselaws?id=191550 The Tribunal upheld the Revenue's appeal, determining that the profit from the sale of shares should be treated as business income rather than long-term capital gain. Additionally, the Tribunal allowed the Cross Objection of the assessee concerning the disallowance under section 14A, directing a fresh assessment by the Assessing Officer in line with a previous decision for the assessment year 2005-06. en-us Fri, 27 Nov 2015 00:00:00 +0530 Fri, 07 Apr 2017 10:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191550 The Tribunal upheld the Revenue's appeal, determining that the profit from the sale of shares should be treated as business income rather than long-term capital gain. Additionally, the Tribunal allowed the Cross Objection of the assessee concerning the disallowance under section 14A, directing a fresh assessment by the Assessing Officer in line with a previous decision for the assessment year 2005-06. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191550