https://www.taxtmi.com/caselaws?id=274071 The tribunal dismissed the appeal filed by the department, determining that the income should be treated as business income instead of short term capital gain. The decision was based on the tax effect falling below the threshold set by CBDT Circular No.21 of 2015, which specified a limit of Rs. 10,00,000 for filing appeals. The tribunal emphasized the importance of considering tax effect in determining the viability of appeals, in line with legislative provisions and circular instructions. en-us Fri, 07 Apr 2017 00:00:00 +0530 Fri, 27 Jul 2018 10:42:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274071 The tribunal dismissed the appeal filed by the department, determining that the income should be treated as business income instead of short term capital gain. The decision was based on the tax effect falling below the threshold set by CBDT Circular No.21 of 2015, which specified a limit of Rs. 10,00,000 for filing appeals. The tribunal emphasized the importance of considering tax effect in determining the viability of appeals, in line with legislative provisions and circular instructions. Case-Laws Income Tax Fri, 07 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274071