https://www.taxtmi.com/caselaws?id=250162 The Tribunal upheld the decision of the Ld. CIT(A) and dismissed the Revenue's appeal, affirming the classification of income from the sale of shares as short term capital gain (STCG) and long term capital gain (LTCG), not business income. The Tribunal emphasized that the shares were held for investment purposes, not as stock-in-trade for business, based on the intention behind the share acquisitions and the lack of evidence supporting the Revenue's arguments. en-us Wed, 23 Jul 2014 00:00:00 +0530 Tue, 05 Aug 2014 01:27:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250162 The Tribunal upheld the decision of the Ld. CIT(A) and dismissed the Revenue's appeal, affirming the classification of income from the sale of shares as short term capital gain (STCG) and long term capital gain (LTCG), not business income. The Tribunal emphasized that the shares were held for investment purposes, not as stock-in-trade for business, based on the intention behind the share acquisitions and the lack of evidence supporting the Revenue's arguments. Case-Laws Income Tax Wed, 23 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250162