https://www.taxtmi.com/caselaws?id=349222 The ITAT partly allowed the revenue's appeal regarding the disallowance of foreign travel expenses but confirmed the CIT(A)'s decision on the classification of Share Income as Short Term Capital Gain. The ITAT emphasized the need for substantiation of expenses for business purposes and considered factors such as transaction nature and holding periods in determining the income from share transactions. en-us Wed, 04 Oct 2017 00:00:00 +0530 Mon, 09 Oct 2017 11:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349222 The ITAT partly allowed the revenue's appeal regarding the disallowance of foreign travel expenses but confirmed the CIT(A)'s decision on the classification of Share Income as Short Term Capital Gain. The ITAT emphasized the need for substantiation of expenses for business purposes and considered factors such as transaction nature and holding periods in determining the income from share transactions. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349222