https://www.taxtmi.com/caselaws?id=199408 The tribunal ruled in favor of the appellant on both issues. The treatment of expenses on the purchase and sale of shares as business income was overturned based on the appellant's investor status. Additionally, the disallowance of institutional STT and service tax not collected was reversed as the STT was collected and paid to the government as a collecting agent, not as an expense of the appellant. The Revenue's appeals were dismissed due to the lack of material challenging the CIT(A)'s decisions. en-us Tue, 23 Sep 2014 00:00:00 +0530 Tue, 27 Feb 2018 20:20:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199408 The tribunal ruled in favor of the appellant on both issues. The treatment of expenses on the purchase and sale of shares as business income was overturned based on the appellant's investor status. Additionally, the disallowance of institutional STT and service tax not collected was reversed as the STT was collected and paid to the government as a collecting agent, not as an expense of the appellant. The Revenue's appeals were dismissed due to the lack of material challenging the CIT(A)'s decisions. Case-Laws Income Tax Tue, 23 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199408