https://www.taxtmi.com/caselaws?id=243226 The Tribunal upheld the CIT(A)'s decision to treat income from the sale of shares as capital gains, emphasizing consistency in tax treatment, the assessee's intention in purchasing shares, and the legislative intent behind introducing Securities Transaction Tax (STT). Relying on judicial precedents, the Tribunal dismissed the Revenue's appeal, directing the Assessing Officer to classify the income as capital gains. en-us Wed, 15 Jan 2014 00:00:00 +0530 Tue, 28 Jan 2014 06:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243226 The Tribunal upheld the CIT(A)'s decision to treat income from the sale of shares as capital gains, emphasizing consistency in tax treatment, the assessee's intention in purchasing shares, and the legislative intent behind introducing Securities Transaction Tax (STT). Relying on judicial precedents, the Tribunal dismissed the Revenue's appeal, directing the Assessing Officer to classify the income as capital gains. Case-Laws Income Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243226