https://www.taxtmi.com/caselaws?id=177618 The tribunal allowed the appeal of the assessee, directing the gain of Rs. 69,56,024/- to be treated as a capital gain rather than business income. The tribunal noted that the assessee maintained separate portfolios for trading and investments, and the shares in question were transferred to the investment portfolio before their sale. Referring to CBDT Circular No. 4/2007, the tribunal concluded that the gain should be treated as capital gains. The lower authorities' decision was set aside, and the AO was instructed to accept the assessee's claim. en-us Fri, 14 May 2010 00:00:00 +0530 Wed, 13 Jan 2016 16:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177618 The tribunal allowed the appeal of the assessee, directing the gain of Rs. 69,56,024/- to be treated as a capital gain rather than business income. The tribunal noted that the assessee maintained separate portfolios for trading and investments, and the shares in question were transferred to the investment portfolio before their sale. Referring to CBDT Circular No. 4/2007, the tribunal concluded that the gain should be treated as capital gains. The lower authorities' decision was set aside, and the AO was instructed to accept the assessee's claim. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177618