https://www.taxtmi.com/caselaws?id=191624 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The income from the sale of shares was classified as capital gains due to consistent treatment as investments. Disallowance under Section 14A was reduced significantly as borrowed funds were not used for investments. Derivative transactions were treated as normal business loss, following a High Court decision. The judgment highlighted the significance of consistency and proper classification in determining income nature from share transactions. en-us Wed, 26 Nov 2014 00:00:00 +0530 Mon, 10 Apr 2017 10:25:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191624 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The income from the sale of shares was classified as capital gains due to consistent treatment as investments. Disallowance under Section 14A was reduced significantly as borrowed funds were not used for investments. Derivative transactions were treated as normal business loss, following a High Court decision. The judgment highlighted the significance of consistency and proper classification in determining income nature from share transactions. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191624