https://www.taxtmi.com/caselaws?id=280306 The Tribunal upheld the CIT(A)'s decisions in a case involving the classification of income from share transactions as capital gains, disallowance of custodial charges under section 14A, and disallowance of operating and other expenses under the same provision. The income was classified as capital gains due to consistent treatment as investments, custodial charges were restricted to 10% of the total, and operating expenses disallowance was also limited to 10%. The Tribunal dismissed appeals from both parties, affirming the CIT(A)'s rulings on all issues. en-us Tue, 25 Jun 2013 00:00:00 +0530 Tue, 30 Apr 2019 13:17:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280306 The Tribunal upheld the CIT(A)'s decisions in a case involving the classification of income from share transactions as capital gains, disallowance of custodial charges under section 14A, and disallowance of operating and other expenses under the same provision. The income was classified as capital gains due to consistent treatment as investments, custodial charges were restricted to 10% of the total, and operating expenses disallowance was also limited to 10%. The Tribunal dismissed appeals from both parties, affirming the CIT(A)'s rulings on all issues. Case-Laws Income Tax Tue, 25 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280306