https://www.taxtmi.com/caselaws?id=357327 The tribunal allowed the treatment of short-term capital gains as business income for all assessment years, citing the assessee's dual portfolios and consistent treatment of certain shares as investments. The issue of disallowed foreign travel expenses was remanded for fresh adjudication by the Commissioner of Income Tax (Appeals), as the assessee had indeed submitted detailed written submissions. The matter of disallowed consultancy charges was sent back to the Assessing Officer for verification with the consultancy firm. Appeals for the assessment years 2005-06 and 2006-07 were partly allowed for statistical purposes, while those for 2007-08 and 2008-09 were fully allowed. en-us Wed, 14 Feb 2018 00:00:00 +0530 Wed, 21 Mar 2018 08:49:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357327 The tribunal allowed the treatment of short-term capital gains as business income for all assessment years, citing the assessee's dual portfolios and consistent treatment of certain shares as investments. The issue of disallowed foreign travel expenses was remanded for fresh adjudication by the Commissioner of Income Tax (Appeals), as the assessee had indeed submitted detailed written submissions. The matter of disallowed consultancy charges was sent back to the Assessing Officer for verification with the consultancy firm. Appeals for the assessment years 2005-06 and 2006-07 were partly allowed for statistical purposes, while those for 2007-08 and 2008-09 were fully allowed. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357327