https://www.taxtmi.com/caselaws?id=356962 The Tribunal upheld the CIT(A)'s decision on the computation of long-term capital gains, disallowance of registration expenses, long-term capital loss on sale of shares, membership/subscription fees, and classification of income from the sale of shares as business income. It also allowed the deduction of travelling expenses and contribution for sponsorship, emphasizing the need for evidence and adherence to legal provisions. The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's cross-objections and appeals, ensuring consistency in applying legal principles and verifying facts. en-us Mon, 12 Mar 2018 00:00:00 +0530 Thu, 15 Mar 2018 10:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356962 The Tribunal upheld the CIT(A)'s decision on the computation of long-term capital gains, disallowance of registration expenses, long-term capital loss on sale of shares, membership/subscription fees, and classification of income from the sale of shares as business income. It also allowed the deduction of travelling expenses and contribution for sponsorship, emphasizing the need for evidence and adherence to legal provisions. The Tribunal dismissed the Revenue's appeals and partially allowed the assessee's cross-objections and appeals, ensuring consistency in applying legal principles and verifying facts. Case-Laws Income Tax Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356962