https://www.taxtmi.com/caselaws?id=266731 The Tribunal upheld the decisions of the AO and CIT(A), treating gains/losses from the purchase and sale of shares as business income for assessment years 2007-08 and 2009-10. The Revenue's appeal for 2007-08 was allowed, while the assessee's Cross Objection and appeal for both years were dismissed. The Tribunal emphasized consistency with prior years 2005-06 and 2006-07 in characterizing the transactions as trading activities, justifying the income treatment as business income. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 11:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266731 The Tribunal upheld the decisions of the AO and CIT(A), treating gains/losses from the purchase and sale of shares as business income for assessment years 2007-08 and 2009-10. The Revenue's appeal for 2007-08 was allowed, while the assessee's Cross Objection and appeal for both years were dismissed. The Tribunal emphasized consistency with prior years 2005-06 and 2006-07 in characterizing the transactions as trading activities, justifying the income treatment as business income. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266731