https://www.taxtmi.com/caselaws?id=240403 The Tribunal upheld the CIT (A)'s decision, ruling that the surplus from the sale of shares should be treated as short-term or long-term capital gains, based on the holding period, and not as 'business income'. The Revenue's appeals were dismissed, with the Tribunal emphasizing the assessee's intention to hold shares as investments. The order was pronounced on 29th November 2013. en-us Fri, 29 Nov 2013 00:00:00 +0530 Tue, 03 Dec 2013 06:44:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240403 The Tribunal upheld the CIT (A)'s decision, ruling that the surplus from the sale of shares should be treated as short-term or long-term capital gains, based on the holding period, and not as 'business income'. The Revenue's appeals were dismissed, with the Tribunal emphasizing the assessee's intention to hold shares as investments. The order was pronounced on 29th November 2013. Case-Laws Income Tax Fri, 29 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240403