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    <title>2018 (12) TMI 1262 - ITAT MUMBAI</title>
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    <description>The Tribunal ruled in favor of the assessee, determining that income received should be assessed as Business income rather than Income from House Property. The Tribunal also upheld the deletion of interest on optionally convertible debentures and agreed that capital gains should be treated as Long Term Capital Gains. The revenue&#039;s appeal was dismissed, and the assessee&#039;s appeal was allowed for statistical purposes.</description>
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      <link>https://www.taxtmi.com/caselaws?id=372493</link>
      <description>The Tribunal ruled in favor of the assessee, determining that income received should be assessed as Business income rather than Income from House Property. The Tribunal also upheld the deletion of interest on optionally convertible debentures and agreed that capital gains should be treated as Long Term Capital Gains. The revenue&#039;s appeal was dismissed, and the assessee&#039;s appeal was allowed for statistical purposes.</description>
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