https://www.taxtmi.com/caselaws?id=283664 The Tribunal upheld the Assessing Officer's decision to treat income of Rs. 1,18,57,282 from the sale and purchase of shares as business income due to the regular and systematic nature of transactions. Additionally, the Tribunal deleted the disallowance of Rs. 2,15,542 under Section 14A, as no expenses were claimed for earning the exempt income and the AO did not establish any dissatisfaction with the assessee's claim. The appeal of the revenue was allowed, while the cross-objection of the assessee was partly allowed. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 05 Oct 2019 06:43:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283664 The Tribunal upheld the Assessing Officer's decision to treat income of Rs. 1,18,57,282 from the sale and purchase of shares as business income due to the regular and systematic nature of transactions. Additionally, the Tribunal deleted the disallowance of Rs. 2,15,542 under Section 14A, as no expenses were claimed for earning the exempt income and the AO did not establish any dissatisfaction with the assessee's claim. The appeal of the revenue was allowed, while the cross-objection of the assessee was partly allowed. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283664