https://www.taxtmi.com/caselaws?id=218368 The ITAT Delhi upheld the decision of the CIT(A) and ruled in favor of the assessee, determining that the income from the sale of shares should be classified as short-term capital gain rather than business income. The Tribunal found no new evidence presented by the revenue to warrant a different classification, citing consistency with previous rulings and the assessee's conversion of shares to an investment portfolio. The revenue's appeal was dismissed. en-us Fri, 20 Jan 2012 00:00:00 +0530 Mon, 12 Nov 2012 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218368 The ITAT Delhi upheld the decision of the CIT(A) and ruled in favor of the assessee, determining that the income from the sale of shares should be classified as short-term capital gain rather than business income. The Tribunal found no new evidence presented by the revenue to warrant a different classification, citing consistency with previous rulings and the assessee's conversion of shares to an investment portfolio. The revenue's appeal was dismissed. Case-Laws Income Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218368