https://www.taxtmi.com/caselaws?id=210604 The tribunal upheld the classification of gains from the sale of shares as Long-Term Capital Gains (LTCG) for one account due to substantial holding period and consistent treatment as investments. For Short-Term Capital Gains (STCG), frequent transactions and short holding periods indicated business income. Regarding the applicability of Section 14A and Rule 8D, the tribunal remitted the issue back to the Assessing Officer as Rule 8D was not applicable for the relevant assessment year. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. en-us Fri, 06 Jan 2012 00:00:00 +0530 Thu, 16 Feb 2012 08:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210604 The tribunal upheld the classification of gains from the sale of shares as Long-Term Capital Gains (LTCG) for one account due to substantial holding period and consistent treatment as investments. For Short-Term Capital Gains (STCG), frequent transactions and short holding periods indicated business income. Regarding the applicability of Section 14A and Rule 8D, the tribunal remitted the issue back to the Assessing Officer as Rule 8D was not applicable for the relevant assessment year. The assessee's appeal was partly allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210604