https://www.taxtmi.com/caselaws?id=244949 The Tribunal allowed the appeals of the assessees, holding that gains from Portfolio Management Services (PMS) and independently carried out share transactions should be classified as "Capital Gains" rather than "Income from Business or Profession." The Tribunal overturned the CIT(A)'s orders, directing that the gains be assessed under the head of "Capital Gains." The assessees' appeals were fully successful. en-us Fri, 21 Feb 2014 00:00:00 +0530 Thu, 13 Mar 2014 08:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244949 The Tribunal allowed the appeals of the assessees, holding that gains from Portfolio Management Services (PMS) and independently carried out share transactions should be classified as "Capital Gains" rather than "Income from Business or Profession." The Tribunal overturned the CIT(A)'s orders, directing that the gains be assessed under the head of "Capital Gains." The assessees' appeals were fully successful. Case-Laws Income Tax Fri, 21 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244949