https://www.taxtmi.com/caselaws?id=258875 The appeals filed by the assessee were allowed, and the orders of the CIT(A) were set aside. The ITAT directed the AO to treat the gains from the sale of shares as capital gains rather than business income. The judgment emphasized the importance of the intention at the time of acquisition and the consistency in the assessee's conduct in determining the nature of transactions. en-us Wed, 04 Mar 2015 00:00:00 +0530 Thu, 23 Apr 2015 06:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258875 The appeals filed by the assessee were allowed, and the orders of the CIT(A) were set aside. The ITAT directed the AO to treat the gains from the sale of shares as capital gains rather than business income. The judgment emphasized the importance of the intention at the time of acquisition and the consistency in the assessee's conduct in determining the nature of transactions. Case-Laws Income Tax Wed, 04 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258875