https://www.taxtmi.com/caselaws?id=178862 The Tribunal upheld the CIT(A)'s decision that the profit on the sale of shares amounting to Rs. 29,04,561/- should be assessed as Short Term Capital Gain and not as business income. The Tribunal considered factors such as the nature of transactions, intention of the assessee, treatment of shares in past assessments, and dividend income in reaching this conclusion. The Department's appeal was dismissed, affirming the assessment made by the CIT(A). en-us Fri, 28 Dec 2012 00:00:00 +0530 Sat, 10 Jun 2017 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178862 The Tribunal upheld the CIT(A)'s decision that the profit on the sale of shares amounting to Rs. 29,04,561/- should be assessed as Short Term Capital Gain and not as business income. The Tribunal considered factors such as the nature of transactions, intention of the assessee, treatment of shares in past assessments, and dividend income in reaching this conclusion. The Department's appeal was dismissed, affirming the assessment made by the CIT(A). Case-Laws Income Tax Fri, 28 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178862