https://www.taxtmi.com/caselaws?id=201422 The High Court affirmed that the income from the sale of shares should be classified as long-term capital gains rather than business income. The court upheld the decisions of the CIT(A) and ITAT, confirming the deletion of the addition made by the Assessing Officer. Emphasizing the significance of the assessee's intention and conduct, the court aligned its findings with established legal principles and CBDT guidelines, ultimately dismissing the appeal. en-us Mon, 18 Oct 2010 00:00:00 +0530 Tue, 06 Sep 2011 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201422 The High Court affirmed that the income from the sale of shares should be classified as long-term capital gains rather than business income. The court upheld the decisions of the CIT(A) and ITAT, confirming the deletion of the addition made by the Assessing Officer. Emphasizing the significance of the assessee's intention and conduct, the court aligned its findings with established legal principles and CBDT guidelines, ultimately dismissing the appeal. Case-Laws Income Tax Mon, 18 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201422