https://www.taxtmi.com/caselaws?id=392535 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. It affirmed the CIT(A)'s decisions on treating Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) as capital gains, not business income. Additionally, it upheld the treatment of interest income as real income. The Tribunal directed the Assessing Officer to reconsider the disallowance under section 14A, emphasizing the importance of transaction intention and book treatment in determining income nature. en-us Fri, 07 Feb 2020 00:00:00 +0530 Sat, 22 Feb 2020 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392535 The Tribunal dismissed the revenue's appeal and partly allowed the assessee's appeal. It affirmed the CIT(A)'s decisions on treating Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) as capital gains, not business income. Additionally, it upheld the treatment of interest income as real income. The Tribunal directed the Assessing Officer to reconsider the disallowance under section 14A, emphasizing the importance of transaction intention and book treatment in determining income nature. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392535