https://www.taxtmi.com/caselaws?id=394357 The Tribunal partially allowed the appeal, directing the AO to reexamine the treatment of short term capital gain as business income due to discrepancies in lower authorities' findings. The appellant's argument that shares were held for capital appreciation, not trading, was considered. However, the ground related to the disallowance of expenditure on fees paid for an increase in capital was dismissed as the appellant did not argue on this issue during the appeal. The Tribunal restored the issue of capital gain treatment to the AO for fresh adjudication. en-us Fri, 31 Jan 2020 00:00:00 +0530 Thu, 09 Apr 2020 18:48:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394357 The Tribunal partially allowed the appeal, directing the AO to reexamine the treatment of short term capital gain as business income due to discrepancies in lower authorities' findings. The appellant's argument that shares were held for capital appreciation, not trading, was considered. However, the ground related to the disallowance of expenditure on fees paid for an increase in capital was dismissed as the appellant did not argue on this issue during the appeal. The Tribunal restored the issue of capital gain treatment to the AO for fresh adjudication. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394357