Capital gain classification for transfers of unlisted shares ensures uniform tax treatment regardless of holding period. Income arising from transfer of unlisted shares for which no formal market exists shall be considered under the head Capital Gain irrespective of holding period to reduce disputes and maintain uniformity; exceptions apply where transaction genuineness is questionable, where lifting the corporate veil is implicated, or where transfer includes control and management of the underlying business, in which cases the Assessing Officer may take an appropriate view.