https://www.taxtmi.com/caselaws?id=266596 The Tribunal ruled in favor of the assessee, determining that the profit from the sale of shares should be classified as long term capital gains. This decision was based on evidence showing that the shares were purchased in June 2004 and held for over 12 months before being sold, despite the transfer to demat form in October 2005. The Tribunal overturned the lower authorities' treatment of the profit as short term capital gains and directed the Assessing Officer to assess it as long term capital gains. en-us Mon, 29 Jun 2015 00:00:00 +0530 Thu, 22 Oct 2015 15:04:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266596 The Tribunal ruled in favor of the assessee, determining that the profit from the sale of shares should be classified as long term capital gains. This decision was based on evidence showing that the shares were purchased in June 2004 and held for over 12 months before being sold, despite the transfer to demat form in October 2005. The Tribunal overturned the lower authorities' treatment of the profit as short term capital gains and directed the Assessing Officer to assess it as long term capital gains. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266596