https://www.taxtmi.com/caselaws?id=265669 The Tribunal upheld the CIT(A)'s decision to treat the gains from share transactions as 'capital gains', emphasizing the investment intent and actual deliveries. Regarding the LTCG from a settlement agreement, the Tribunal approved the CIT(A)'s computation, reducing the taxable amount. The Tribunal allowed indexation benefit on share application money and share capital, contrary to the CIT(A)'s denial. In the case of double taxation of interest income, the Tribunal directed the AO to verify and avoid taxing the income again. The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal, instructing the AO to recompute LTCG and prevent double taxation of interest income. en-us Mon, 07 Sep 2015 00:00:00 +0530 Wed, 14 Oct 2015 07:45:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265669 The Tribunal upheld the CIT(A)'s decision to treat the gains from share transactions as 'capital gains', emphasizing the investment intent and actual deliveries. Regarding the LTCG from a settlement agreement, the Tribunal approved the CIT(A)'s computation, reducing the taxable amount. The Tribunal allowed indexation benefit on share application money and share capital, contrary to the CIT(A)'s denial. In the case of double taxation of interest income, the Tribunal directed the AO to verify and avoid taxing the income again. The Tribunal dismissed the Revenue's appeal and partially allowed the assessee's appeal, instructing the AO to recompute LTCG and prevent double taxation of interest income. Case-Laws Income Tax Mon, 07 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265669