https://www.taxtmi.com/caselaws?id=390677 The Tribunal dismissed both the assessee and revenue appeals, upholding the CIT(A)'s decision on disallowance under Section 14A and treatment of short-term capital gains as business income. The Tribunal found the estimation of disallowance by CIT(A) reasonable and did not interfere. The assessee's argument against charging interest under Sections 234B and 234C was not addressed. The judgment was delivered collectively without separate opinions, with the order pronounced on 17th December 2019. en-us Tue, 17 Dec 2019 00:00:00 +0530 Thu, 09 Jan 2020 11:15:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390677 The Tribunal dismissed both the assessee and revenue appeals, upholding the CIT(A)'s decision on disallowance under Section 14A and treatment of short-term capital gains as business income. The Tribunal found the estimation of disallowance by CIT(A) reasonable and did not interfere. The assessee's argument against charging interest under Sections 234B and 234C was not addressed. The judgment was delivered collectively without separate opinions, with the order pronounced on 17th December 2019. Case-Laws Income Tax Tue, 17 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390677