https://www.taxtmi.com/caselaws?id=240981 The Tribunal allowed the Revenue's appeal, overturning the Ld. CIT(A)'s decision and reinstating the AO's assessment of Short Term Capital Gains (STCG) as business income for the assessee's share transactions in the assessment year 2006-07. Despite the assessee's claims of being an investor, the Tribunal upheld the consistent treatment from the previous year, emphasizing the lack of substantial differences in the current year's activities and rejecting the 30-day holding period benchmark used by the Ld. CIT(A) to categorize gains. en-us Wed, 06 Feb 2013 00:00:00 +0530 Sun, 15 Dec 2013 10:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240981 The Tribunal allowed the Revenue's appeal, overturning the Ld. CIT(A)'s decision and reinstating the AO's assessment of Short Term Capital Gains (STCG) as business income for the assessee's share transactions in the assessment year 2006-07. Despite the assessee's claims of being an investor, the Tribunal upheld the consistent treatment from the previous year, emphasizing the lack of substantial differences in the current year's activities and rejecting the 30-day holding period benchmark used by the Ld. CIT(A) to categorize gains. Case-Laws Income Tax Wed, 06 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240981