https://www.taxtmi.com/caselaws?id=239721 The Tribunal upheld the Revenue's treatment of Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) as 'income from other sources,' based on findings of accommodation entries and beneficiaries admitting to routing income for tax benefits. The Tribunal also confirmed the treatment of income from share transactions as 'business income' instead of STCG, considering factors like transaction volume, frequency, and profit motive. The assessees' appeals were dismissed, and the Tribunal affirmed the assessment of income as business income and income from other sources. en-us Thu, 28 Mar 2013 00:00:00 +0530 Tue, 19 Nov 2013 13:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239721 The Tribunal upheld the Revenue's treatment of Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) as 'income from other sources,' based on findings of accommodation entries and beneficiaries admitting to routing income for tax benefits. The Tribunal also confirmed the treatment of income from share transactions as 'business income' instead of STCG, considering factors like transaction volume, frequency, and profit motive. The assessees' appeals were dismissed, and the Tribunal affirmed the assessment of income as business income and income from other sources. Case-Laws Income Tax Thu, 28 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239721