https://www.taxtmi.com/caselaws?id=256685 The ITAT Delhi allowed the appeal filed by the assessee, ruling that income from share transactions should be treated as capital gains. The tribunal emphasized consistency in the assessee's treatment of investments and disregarded the CIT(A)'s contrary findings. It was clarified that pledging shares and fund transfers between accounts do not change the nature of investments. The classification of income was based on the holding period of shares, with both long-term and short-term gains considered as capital gains. en-us Fri, 12 Dec 2014 00:00:00 +0530 Thu, 19 Feb 2015 09:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256685 The ITAT Delhi allowed the appeal filed by the assessee, ruling that income from share transactions should be treated as capital gains. The tribunal emphasized consistency in the assessee's treatment of investments and disregarded the CIT(A)'s contrary findings. It was clarified that pledging shares and fund transfers between accounts do not change the nature of investments. The classification of income was based on the holding period of shares, with both long-term and short-term gains considered as capital gains. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256685