https://www.taxtmi.com/caselaws?id=233807 The Tribunal allowed the appeal, directing the Assessing Officer to treat the short term capital gain on the sale of shares as short term capital gain and not as business income for the assessment year 2008-09 under the Income Tax Act, 1961. The decision emphasized the importance of consistency and adherence to legal precedents in determining the tax treatment of income from share transactions based on factors such as frequency of transactions and holding periods. en-us Fri, 05 Apr 2013 00:00:00 +0530 Thu, 16 May 2013 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233807 The Tribunal allowed the appeal, directing the Assessing Officer to treat the short term capital gain on the sale of shares as short term capital gain and not as business income for the assessment year 2008-09 under the Income Tax Act, 1961. The decision emphasized the importance of consistency and adherence to legal precedents in determining the tax treatment of income from share transactions based on factors such as frequency of transactions and holding periods. Case-Laws Income Tax Fri, 05 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233807