https://www.taxtmi.com/caselaws?id=212538 The Tribunal affirmed the decision of the CIT(A) that gains from the sale of shares in two private limited companies should be treated as long-term capital gains, not business profits. The Tribunal emphasized the importance of the true nature of the transaction, the holding period, and the restrictive nature of the shares in reaching this conclusion. The appeal was dismissed on 18.11.2011. en-us Fri, 18 Nov 2011 00:00:00 +0530 Tue, 20 Nov 2012 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212538 The Tribunal affirmed the decision of the CIT(A) that gains from the sale of shares in two private limited companies should be treated as long-term capital gains, not business profits. The Tribunal emphasized the importance of the true nature of the transaction, the holding period, and the restrictive nature of the shares in reaching this conclusion. The appeal was dismissed on 18.11.2011. Case-Laws Income Tax Fri, 18 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212538