https://www.taxtmi.com/caselaws?id=211213 The Tribunal allowed the assessee's appeal, overturning the CIT (Appeals) decision to classify post-specific-date share transactions as business income. Emphasizing self-funded investments and historical practices, the Tribunal concluded that all short term gains should be considered capital gains. The appeal was partially allowed in favor of the assessee, with the Tribunal rejecting the alternate plea for rebate under section 88E. The decision was pronounced on January 5, 2012. en-us Thu, 05 Jan 2012 00:00:00 +0530 Sat, 25 May 2013 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211213 The Tribunal allowed the assessee's appeal, overturning the CIT (Appeals) decision to classify post-specific-date share transactions as business income. Emphasizing self-funded investments and historical practices, the Tribunal concluded that all short term gains should be considered capital gains. The appeal was partially allowed in favor of the assessee, with the Tribunal rejecting the alternate plea for rebate under section 88E. The decision was pronounced on January 5, 2012. Case-Laws Income Tax Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211213