https://www.taxtmi.com/caselaws?id=269923 The Tribunal remitted the issue back to the Assessing Officer for further verification regarding the classification of profit from the sale of shares. The AO was instructed to ensure consistent treatment of shares as investments and not as stock-in-trade. If shares were consistently treated as investments, long-term capital gains should be accepted; otherwise, the income should be treated as business income. The Revenue's appeal was allowed for statistical purposes, directing a re-examination of the assessee's records by the AO. en-us Thu, 15 Oct 2015 00:00:00 +0530 Thu, 24 Dec 2015 10:10:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269923 The Tribunal remitted the issue back to the Assessing Officer for further verification regarding the classification of profit from the sale of shares. The AO was instructed to ensure consistent treatment of shares as investments and not as stock-in-trade. If shares were consistently treated as investments, long-term capital gains should be accepted; otherwise, the income should be treated as business income. The Revenue's appeal was allowed for statistical purposes, directing a re-examination of the assessee's records by the AO. Case-Laws Income Tax Thu, 15 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269923