https://www.taxtmi.com/caselaws?id=242541 The Appellate Tribunal ITAT Pune ruled in favor of the assessee, confirming that gains from trading in shares and units of mutual funds should be classified as capital gains, not business income, for Assessment Year 2008-09. The Tribunal upheld the CIT(A)'s order, emphasizing established case law and previous Tribunal decisions in favor of the assessee, ultimately dismissing the Revenue's appeal and maintaining the classification of the gains as capital gains. en-us Tue, 29 Oct 2013 00:00:00 +0530 Fri, 17 Jan 2014 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242541 The Appellate Tribunal ITAT Pune ruled in favor of the assessee, confirming that gains from trading in shares and units of mutual funds should be classified as capital gains, not business income, for Assessment Year 2008-09. The Tribunal upheld the CIT(A)'s order, emphasizing established case law and previous Tribunal decisions in favor of the assessee, ultimately dismissing the Revenue's appeal and maintaining the classification of the gains as capital gains. Case-Laws Income Tax Tue, 29 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242541