https://www.taxtmi.com/caselaws?id=264302 The High Court upheld the Tribunal's decision to treat gains from share transactions as short term capital gains instead of business income. The Court found that the CIT (A) and Tribunal had properly considered all relevant facts and applied the law correctly. The decision was deemed a possible view on the facts, warranting no interference. The Court emphasized the importance of consistency in the department's approach to similar cases unless substantial reasons exist for a different view. Consequently, the Revenue's appeal was dismissed with no order as to costs. en-us Wed, 09 Sep 2015 00:00:00 +0530 Thu, 21 Apr 2016 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264302 The High Court upheld the Tribunal's decision to treat gains from share transactions as short term capital gains instead of business income. The Court found that the CIT (A) and Tribunal had properly considered all relevant facts and applied the law correctly. The decision was deemed a possible view on the facts, warranting no interference. The Court emphasized the importance of consistency in the department's approach to similar cases unless substantial reasons exist for a different view. Consequently, the Revenue's appeal was dismissed with no order as to costs. Case-Laws Income Tax Wed, 09 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264302