https://www.taxtmi.com/caselaws?id=176332 The Tribunal ruled in favor of the assessee, classifying the income from the sale of shares as capital gains rather than business income. The decision was based on the assessee's intent, consistency in accounting treatment, and the nature of transactions, which were deemed to be for investment purposes. The Tribunal emphasized the principle of consistency and overturned the lower authorities' orders, allowing the appeal. en-us Mon, 20 Dec 2010 00:00:00 +0530 Sat, 19 Dec 2015 14:07:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176332 The Tribunal ruled in favor of the assessee, classifying the income from the sale of shares as capital gains rather than business income. The decision was based on the assessee's intent, consistency in accounting treatment, and the nature of transactions, which were deemed to be for investment purposes. The Tribunal emphasized the principle of consistency and overturned the lower authorities' orders, allowing the appeal. Case-Laws Income Tax Mon, 20 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176332