https://www.taxtmi.com/caselaws?id=243284 The Tribunal upheld the treatment of profit from the sale of shares as short term capital gain, rejecting the Commissioner of Income Tax's contention that it should be classified as business income. The Tribunal found that the Assessing Officer had adequately examined the issue and there was no error in the initial assessment. Additionally, the Tribunal determined that the assessment order was not erroneous or prejudicial to the Revenue's interest, leading to the doctor's appeal being allowed and the CIT's decision being overturned. en-us Wed, 14 Aug 2013 00:00:00 +0530 Wed, 29 Jan 2014 10:19:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243284 The Tribunal upheld the treatment of profit from the sale of shares as short term capital gain, rejecting the Commissioner of Income Tax's contention that it should be classified as business income. The Tribunal found that the Assessing Officer had adequately examined the issue and there was no error in the initial assessment. Additionally, the Tribunal determined that the assessment order was not erroneous or prejudicial to the Revenue's interest, leading to the doctor's appeal being allowed and the CIT's decision being overturned. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243284