https://www.taxtmi.com/caselaws?id=261288 The Tribunal upheld the CIT(A)'s decision that income from share transactions should be treated as capital gains, not business income. It ruled that the transactions were not speculative under Section 43(5) of the Income Tax Act. Emphasizing consistency in tax treatment across assessment years, the Tribunal referred to established judicial principles and CBDT guidelines. The revenue's appeal was dismissed, affirming the assessee's treatment of income. en-us Tue, 30 Jun 2015 00:00:00 +0530 Wed, 08 Jul 2015 06:45:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261288 The Tribunal upheld the CIT(A)'s decision that income from share transactions should be treated as capital gains, not business income. It ruled that the transactions were not speculative under Section 43(5) of the Income Tax Act. Emphasizing consistency in tax treatment across assessment years, the Tribunal referred to established judicial principles and CBDT guidelines. The revenue's appeal was dismissed, affirming the assessee's treatment of income. Case-Laws Income Tax Tue, 30 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261288