https://www.taxtmi.com/caselaws?id=288361 The Tribunal ruled that long-term capital gains from the sale of shares should be treated as capital gains, not business income. The issue of short-term capital gains was remanded for further examination. Disallowance under Section 14A was limited to Rs. 32.14 lacs, with no additional disallowance of interest expenses. The disallowance of DEMAT charges for non-deduction of TDS was overturned, applying a CBDT notification retrospectively. Appeals for the assessment years 2008-09, 2009-10, and 2011-12 were partly allowed for statistical purposes. en-us Mon, 20 Aug 2018 00:00:00 +0530 Tue, 02 Jun 2020 22:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288361 The Tribunal ruled that long-term capital gains from the sale of shares should be treated as capital gains, not business income. The issue of short-term capital gains was remanded for further examination. Disallowance under Section 14A was limited to Rs. 32.14 lacs, with no additional disallowance of interest expenses. The disallowance of DEMAT charges for non-deduction of TDS was overturned, applying a CBDT notification retrospectively. Appeals for the assessment years 2008-09, 2009-10, and 2011-12 were partly allowed for statistical purposes. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288361