https://www.taxtmi.com/caselaws?id=382374 The Tribunal classified the income from the sale of shares as business income due to the systematic and regular nature of the transactions. Additionally, the disallowance under Section 14A was restricted to the actual expenses incurred, providing relief to the assessee. The appeals of both the Revenue and the assessee were allowed, resulting in the classification of income as business income and a reduction in the disallowance under Section 14A. en-us Tue, 30 Apr 2019 00:00:00 +0530 Mon, 01 Jul 2019 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382374 The Tribunal classified the income from the sale of shares as business income due to the systematic and regular nature of the transactions. Additionally, the disallowance under Section 14A was restricted to the actual expenses incurred, providing relief to the assessee. The appeals of both the Revenue and the assessee were allowed, resulting in the classification of income as business income and a reduction in the disallowance under Section 14A. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382374