https://www.taxtmi.com/caselaws?id=431135 The Tribunal upheld the CIT(A)'s decision that profits from the sale of shares should be taxed as business income, not unexplained cash credits under Section 68. It also affirmed the treatment of commodity transactions as normal business transactions and allowed related expenses as business deductions. The Revenue's appeal was dismissed. en-us Mon, 31 Oct 2022 00:00:00 +0530 Tue, 06 Dec 2022 14:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431135 The Tribunal upheld the CIT(A)'s decision that profits from the sale of shares should be taxed as business income, not unexplained cash credits under Section 68. It also affirmed the treatment of commodity transactions as normal business transactions and allowed related expenses as business deductions. The Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431135