https://www.taxtmi.com/caselaws?id=264749 The High Court remanded the case to the Income Tax Appellate Tribunal (ITAT) for a fresh decision on the treatment of shares as stock in trade or investment for the Assessment Year (AY) 2005-06. The decision for AY 2006-07 was also set aside, emphasizing the interdependence of the issues in both appeals. The judgments stressed the importance of following legally acceptable procedures in financial reporting and tax treatment decisions to ensure compliance with statutory requirements. en-us Wed, 23 Sep 2015 00:00:00 +0530 Fri, 02 Oct 2015 22:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264749 The High Court remanded the case to the Income Tax Appellate Tribunal (ITAT) for a fresh decision on the treatment of shares as stock in trade or investment for the Assessment Year (AY) 2005-06. The decision for AY 2006-07 was also set aside, emphasizing the interdependence of the issues in both appeals. The judgments stressed the importance of following legally acceptable procedures in financial reporting and tax treatment decisions to ensure compliance with statutory requirements. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264749