https://www.taxtmi.com/caselaws?id=257076 The appeal challenging the Tribunal's order under Section 260A of the Income Tax Act for the Assessment Year 2003-04 was dismissed. The Revenue's contention that share transactions should be considered as income from business was rejected. The Tribunal upheld the decision that income from share sales should be taxable as capital gains, allowing for the carry forward of losses. Detailed findings considered various factors, leading to the dismissal of the appeal due to lack of substantial legal questions arising. No costs were awarded in this case. en-us Tue, 27 Jan 2015 00:00:00 +0530 Mon, 02 Mar 2015 07:18:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257076 The appeal challenging the Tribunal's order under Section 260A of the Income Tax Act for the Assessment Year 2003-04 was dismissed. The Revenue's contention that share transactions should be considered as income from business was rejected. The Tribunal upheld the decision that income from share sales should be taxable as capital gains, allowing for the carry forward of losses. Detailed findings considered various factors, leading to the dismissal of the appeal due to lack of substantial legal questions arising. No costs were awarded in this case. Case-Laws Income Tax Tue, 27 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257076