https://www.taxtmi.com/caselaws?id=180182 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the appellant, determining that income from the sale and purchase of shares should be treated as short term capital gains rather than business income. The ITAT emphasized the consistency in the assessee's approach to share transactions over the years and found no material change in the facts of the case to warrant a different classification for the year in question. The decision underscored the importance of uniformity and consistency in such matters and allowed the appellant's appeal. en-us Wed, 20 Feb 2013 00:00:00 +0530 Fri, 18 Mar 2016 12:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180182 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the appellant, determining that income from the sale and purchase of shares should be treated as short term capital gains rather than business income. The ITAT emphasized the consistency in the assessee's approach to share transactions over the years and found no material change in the facts of the case to warrant a different classification for the year in question. The decision underscored the importance of uniformity and consistency in such matters and allowed the appellant's appeal. Case-Laws Income Tax Wed, 20 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180182