https://www.taxtmi.com/caselaws?id=206031 The Tribunal directed the Assessing Officer to treat profits from the sale of shares within one year as short-term capital gains, aligning with the treatment of shares held for over a year. The decision emphasized that the intention behind share purchase should not solely rely on the holding period. The Tribunal set aside lower authorities' orders, dismissing the revenue's appeal and allowing the assessee's cross-objection. en-us Wed, 15 Dec 2010 00:00:00 +0530 Sat, 08 Oct 2011 00:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206031 The Tribunal directed the Assessing Officer to treat profits from the sale of shares within one year as short-term capital gains, aligning with the treatment of shares held for over a year. The decision emphasized that the intention behind share purchase should not solely rely on the holding period. The Tribunal set aside lower authorities' orders, dismissing the revenue's appeal and allowing the assessee's cross-objection. Case-Laws Income Tax Wed, 15 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206031