https://www.taxtmi.com/caselaws?id=341843 The Tribunal allowed the assessee's appeal, overturning the disallowance of losses from share transactions for A.Y. 2003-04 and valuation of shares for A.Y. 2005-06. It directed the assessment of interest income as business income, accounted for prior period income separately, and allowed previously disallowed expenses. The matter of Explanation 73 applicability was remanded for further examination by the AO. en-us Wed, 12 Apr 2017 00:00:00 +0530 Wed, 19 Apr 2017 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341843 The Tribunal allowed the assessee's appeal, overturning the disallowance of losses from share transactions for A.Y. 2003-04 and valuation of shares for A.Y. 2005-06. It directed the assessment of interest income as business income, accounted for prior period income separately, and allowed previously disallowed expenses. The matter of Explanation 73 applicability was remanded for further examination by the AO. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341843