https://www.taxtmi.com/caselaws?id=172368 The Tribunal upheld the CIT(A)'s decision, assessing the income from divestment of shares and redemption of mutual funds under "Income from capital gains." The Tribunal found the assessee to be an investor, considering factors such as the average holding period of shares and the absence of borrowings for share purchases. The Revenue's appeal was dismissed, emphasizing the significance of assessing each case based on its specific circumstances and intentions behind transactions. The order was issued on 6th October 2010. en-us Wed, 06 Oct 2010 00:00:00 +0530 Thu, 20 Aug 2015 10:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172368 The Tribunal upheld the CIT(A)'s decision, assessing the income from divestment of shares and redemption of mutual funds under "Income from capital gains." The Tribunal found the assessee to be an investor, considering factors such as the average holding period of shares and the absence of borrowings for share purchases. The Revenue's appeal was dismissed, emphasizing the significance of assessing each case based on its specific circumstances and intentions behind transactions. The order was issued on 6th October 2010. Case-Laws Income Tax Wed, 06 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172368