https://www.taxtmi.com/caselaws?id=272762 The Tribunal upheld the classification of Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) as capital gains, dismissing the Revenue's argument for treating them as business income. The disallowance under Section 14A read with Rule 8D was restricted to 2% of the exempt income, following the principle of consistency and specific facts of the case. The order was pronounced on 12th April, 2017. en-us Wed, 12 Apr 2017 00:00:00 +0530 Thu, 17 May 2018 05:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272762 The Tribunal upheld the classification of Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) as capital gains, dismissing the Revenue's argument for treating them as business income. The disallowance under Section 14A read with Rule 8D was restricted to 2% of the exempt income, following the principle of consistency and specific facts of the case. The order was pronounced on 12th April, 2017. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272762