https://www.taxtmi.com/caselaws?id=222122 The Tribunal upheld the CIT(A)'s decision to treat the profit from the sale of shares as short term capital gain, emphasizing the consistent treatment of income, valuation practices, and past assessments. The Tribunal found the shares were held as investments, not stock in trade, supported by the absence of loss claims and valuation at cost. This decision highlights the significance of considering various factors, such as past conduct and valuation practices, in determining the nature of income from share transactions. en-us Fri, 15 Feb 2013 00:00:00 +0530 Fri, 26 Aug 2016 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222122 The Tribunal upheld the CIT(A)'s decision to treat the profit from the sale of shares as short term capital gain, emphasizing the consistent treatment of income, valuation practices, and past assessments. The Tribunal found the shares were held as investments, not stock in trade, supported by the absence of loss claims and valuation at cost. This decision highlights the significance of considering various factors, such as past conduct and valuation practices, in determining the nature of income from share transactions. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222122