https://www.taxtmi.com/caselaws?id=260680 The tribunal allowed the appeal, setting aside the CIT(A)'s order and directing that gains from the sale of shares be treated as capital gains, emphasizing the appellant's intention and conduct in determining the nature of the gains. The tribunal found the appellant's shares were held for substantial periods, transactions were delivery-based, and previous assessments had accepted the gains as capital gains, rejecting the AO's classification as business income based on frequency and magnitude of transactions. The issue of charging interest under sections 234B and 234C was not specifically addressed. en-us Fri, 12 Jun 2015 00:00:00 +0530 Sat, 20 Jun 2015 05:50:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260680 The tribunal allowed the appeal, setting aside the CIT(A)'s order and directing that gains from the sale of shares be treated as capital gains, emphasizing the appellant's intention and conduct in determining the nature of the gains. The tribunal found the appellant's shares were held for substantial periods, transactions were delivery-based, and previous assessments had accepted the gains as capital gains, rejecting the AO's classification as business income based on frequency and magnitude of transactions. The issue of charging interest under sections 234B and 234C was not specifically addressed. Case-Laws Income Tax Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260680