https://www.taxtmi.com/caselaws?id=341433 The Tribunal upheld the First Appellate Authority's decision, determining that income from the sale of shares should be treated as capital gains rather than business income. Additionally, the Tribunal restricted the disallowance under Section 14A to the expenses claimed in the profit and loss account, dismissing the Assessing Officer's appeal and partially allowing the assessee's appeal. en-us Wed, 05 Apr 2017 00:00:00 +0530 Sat, 08 Apr 2017 07:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341433 The Tribunal upheld the First Appellate Authority's decision, determining that income from the sale of shares should be treated as capital gains rather than business income. Additionally, the Tribunal restricted the disallowance under Section 14A to the expenses claimed in the profit and loss account, dismissing the Assessing Officer's appeal and partially allowing the assessee's appeal. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341433