https://www.taxtmi.com/caselaws?id=243908 In multiple assessment years, the Tribunal upheld the consistent treatment of shares as investments by the assessee, directing the profits from the sale of shares to be treated as short term capital gains instead of business income. The Tribunal also determined that losses on derivatives transactions should be treated as speculative losses until a specific assessment year, leading to the dismissal of the appeal on these grounds. Overall, the Tribunal's decisions favored the assessee's capital gain treatment over business income classification, citing legal principles and precedents. en-us Wed, 14 Aug 2013 00:00:00 +0530 Thu, 13 Feb 2014 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243908 In multiple assessment years, the Tribunal upheld the consistent treatment of shares as investments by the assessee, directing the profits from the sale of shares to be treated as short term capital gains instead of business income. The Tribunal also determined that losses on derivatives transactions should be treated as speculative losses until a specific assessment year, leading to the dismissal of the appeal on these grounds. Overall, the Tribunal's decisions favored the assessee's capital gain treatment over business income classification, citing legal principles and precedents. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243908