https://www.taxtmi.com/caselaws?id=421302 The delay in filing appeals by both the revenue and the assessee was condoned due to the Covid-19 pandemic. The income from the sale of shares and mutual funds was treated as business income based on consistent trading activity. The disallowance of expenditure under Section 14A was not applicable to the assessee, a cooperative society engaged in providing financial assistance. The Tribunal dismissed the revenue's appeals and allowed the assessee's appeals, pronouncing the order on 18th April 2022. en-us Mon, 18 Apr 2022 00:00:00 +0530 Mon, 27 Jun 2022 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421302 The delay in filing appeals by both the revenue and the assessee was condoned due to the Covid-19 pandemic. The income from the sale of shares and mutual funds was treated as business income based on consistent trading activity. The disallowance of expenditure under Section 14A was not applicable to the assessee, a cooperative society engaged in providing financial assistance. The Tribunal dismissed the revenue's appeals and allowed the assessee's appeals, pronouncing the order on 18th April 2022. Case-Laws Income Tax Mon, 18 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421302