https://www.taxtmi.com/caselaws?id=369213 The Tribunal upheld the CIT(A)'s decision regarding the classification of income from the sale of shares/mutual funds as capital gains instead of business income for both the assessment years 2006-07 and 2011-12. It also affirmed that the deemed dividend provisions under section 2(22)(e) did not apply to the capital contributions made by partner companies to the assessee firm. Additionally, the Tribunal dismissed the Revenue's appeal and the assessee's cross objection, supporting the CIT(A)'s directions and decisions in both cases. en-us Tue, 16 Oct 2018 00:00:00 +0530 Tue, 23 Oct 2018 06:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369213 The Tribunal upheld the CIT(A)'s decision regarding the classification of income from the sale of shares/mutual funds as capital gains instead of business income for both the assessment years 2006-07 and 2011-12. It also affirmed that the deemed dividend provisions under section 2(22)(e) did not apply to the capital contributions made by partner companies to the assessee firm. Additionally, the Tribunal dismissed the Revenue's appeal and the assessee's cross objection, supporting the CIT(A)'s directions and decisions in both cases. Case-Laws Income Tax Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369213