https://www.taxtmi.com/caselaws?id=197046 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to treat the assessee's profits/losses from shares and mutual funds as capital gains rather than business income. Additionally, the disallowance under section 14A was deleted. The Tribunal stressed the significance of consistency in classification and the requirement for the AO to express dissatisfaction before disallowing expenses under section 14A. en-us Wed, 29 Jun 2016 00:00:00 +0530 Sat, 23 Dec 2017 09:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197046 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to treat the assessee's profits/losses from shares and mutual funds as capital gains rather than business income. Additionally, the disallowance under section 14A was deleted. The Tribunal stressed the significance of consistency in classification and the requirement for the AO to express dissatisfaction before disallowing expenses under section 14A. Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197046