https://www.taxtmi.com/caselaws?id=277594 The Tribunal upheld the Ld. CIT(A)'s decision on the classification of income from share trading, treating gains from shares held for less than 30 days as Business Income. Additionally, the Tribunal supported the deletion of disallowance u/s 14A, as the assessee used own funds for investments, reducing the disallowance amount. The judgment emphasized the importance of maintaining consistency in income classification and considering relevant factors in determining the nature of income from share transactions. en-us Fri, 12 May 2017 00:00:00 +0530 Thu, 13 Dec 2018 06:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277594 The Tribunal upheld the Ld. CIT(A)'s decision on the classification of income from share trading, treating gains from shares held for less than 30 days as Business Income. Additionally, the Tribunal supported the deletion of disallowance u/s 14A, as the assessee used own funds for investments, reducing the disallowance amount. The judgment emphasized the importance of maintaining consistency in income classification and considering relevant factors in determining the nature of income from share transactions. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277594