https://www.taxtmi.com/caselaws?id=271918 The Tribunal upheld the CIT(A)'s decision to treat short term capital gain as capital gain, not business income, based on the company's historical treatment of share investments and legal provisions. The Revenue's appeal was dismissed, along with the Assessee's Cross Objection challenging jurisdiction and assessments under Section 153A. The Tribunal emphasized the company's consistent treatment of share investments as capital assets in financial statements, supporting the capital gain classification. en-us Fri, 15 Jan 2016 00:00:00 +0530 Mon, 22 Feb 2016 09:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271918 The Tribunal upheld the CIT(A)'s decision to treat short term capital gain as capital gain, not business income, based on the company's historical treatment of share investments and legal provisions. The Revenue's appeal was dismissed, along with the Assessee's Cross Objection challenging jurisdiction and assessments under Section 153A. The Tribunal emphasized the company's consistent treatment of share investments as capital assets in financial statements, supporting the capital gain classification. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271918