https://www.taxtmi.com/caselaws?id=256370 The High Court ruled in favor of the assessee, determining that the income from share transactions should be treated as capital gains rather than business income. The Court found that the CIT(Appeals) had correctly analyzed the transactions and applied relevant legal principles. The Court limited the remand to the issue of short-term capital gains, directing the Assessing Officer to classify specific shares accordingly. The appeal was allowed with these specific directions. en-us Mon, 02 Feb 2015 00:00:00 +0530 Tue, 10 Feb 2015 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256370 The High Court ruled in favor of the assessee, determining that the income from share transactions should be treated as capital gains rather than business income. The Court found that the CIT(Appeals) had correctly analyzed the transactions and applied relevant legal principles. The Court limited the remand to the issue of short-term capital gains, directing the Assessing Officer to classify specific shares accordingly. The appeal was allowed with these specific directions. Case-Laws Income Tax Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256370