https://www.taxtmi.com/caselaws?id=353659 The Tribunal upheld the CIT(A)'s decisions on all issues, including treating losses from mutual fund transactions as capital losses, determining the inapplicability of sections 94(7) and 94(8) of the Income Tax Act, treating transactions in shares and mutual funds as part of the same business for income computation, and rejecting the disallowance under section 14A for exempt income from shares held as stock in trade. The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s rulings. en-us Fri, 05 Jan 2018 00:00:00 +0530 Tue, 09 Jan 2018 08:20:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353659 The Tribunal upheld the CIT(A)'s decisions on all issues, including treating losses from mutual fund transactions as capital losses, determining the inapplicability of sections 94(7) and 94(8) of the Income Tax Act, treating transactions in shares and mutual funds as part of the same business for income computation, and rejecting the disallowance under section 14A for exempt income from shares held as stock in trade. The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s rulings. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353659