https://www.taxtmi.com/caselaws?id=177690 The Tribunal ruled in favor of the assessee, determining that gains from the sale of shares should be treated as capital gains, not business income. The Tribunal rejected the artificial segregation based on holding period and emphasized factors such as the intention behind transactions and the classification of shares as investments. The Tribunal also addressed issues regarding double addition of fees and disallowance under Section 14A, setting them aside for further verification by the Assessing Officer. The Revenue's appeals were dismissed. en-us Fri, 12 Dec 2014 00:00:00 +0530 Fri, 15 Jan 2016 11:52:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177690 The Tribunal ruled in favor of the assessee, determining that gains from the sale of shares should be treated as capital gains, not business income. The Tribunal rejected the artificial segregation based on holding period and emphasized factors such as the intention behind transactions and the classification of shares as investments. The Tribunal also addressed issues regarding double addition of fees and disallowance under Section 14A, setting them aside for further verification by the Assessing Officer. The Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177690