https://www.taxtmi.com/circulars?id=54320 For listed shares and securities, where an assessee elects to treat holdings as stock-in-trade, transfers will be treated as business income regardless of holding period; where such listed shares and securities are held for more than twelve months and the assessee elects capital treatment, the Assessing Officer shall accept capital gains and the election must be consistently applied in subsequent years. Other cases remain fact-specific under existing CBDT guidance, and transactions of questionable genuineness are excluded. en-us Mon, 29 Feb 2016 00:00:00 +0530 Tue, 01 Mar 2016 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54320 For listed shares and securities, where an assessee elects to treat holdings as stock-in-trade, transfers will be treated as business income regardless of holding period; where such listed shares and securities are held for more than twelve months and the assessee elects capital treatment, the Assessing Officer shall accept capital gains and the election must be consistently applied in subsequent years. Other cases remain fact-specific under existing CBDT guidance, and transactions of questionable genuineness are excluded. Circulars Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54320