https://www.taxtmi.com/caselaws?id=240263 The court upheld the ITAT's decision directing the Assessing Officer to treat the profit on the sale of shares as capital gain instead of income from business. The court emphasized the importance of precedent and consistent interpretation of the law in determining tax liabilities and income classifications, ultimately dismissing the appeal and affirming the ITAT's order. en-us Fri, 14 Dec 2012 00:00:00 +0530 Fri, 29 Nov 2013 06:18:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240263 The court upheld the ITAT's decision directing the Assessing Officer to treat the profit on the sale of shares as capital gain instead of income from business. The court emphasized the importance of precedent and consistent interpretation of the law in determining tax liabilities and income classifications, ultimately dismissing the appeal and affirming the ITAT's order. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240263