https://www.taxtmi.com/caselaws?id=180271 The Tribunal upheld the decision to treat income from share transactions as capital gains rather than business income, emphasizing the investor-like nature of the assessee's transactions. It deleted additions related to unexplained cash credits and property valuation differences, citing the assessee's evidence and criticizing the AO's lack of thorough examination. The Tribunal rejected appeals on charging interest under specific sections as mandatory and dismissed premature penalties initiation, emphasizing the importance of consistency in tax treatment and proper verification of evidence by the Revenue. en-us Fri, 28 Jan 2011 00:00:00 +0530 Sat, 19 Mar 2016 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180271 The Tribunal upheld the decision to treat income from share transactions as capital gains rather than business income, emphasizing the investor-like nature of the assessee's transactions. It deleted additions related to unexplained cash credits and property valuation differences, citing the assessee's evidence and criticizing the AO's lack of thorough examination. The Tribunal rejected appeals on charging interest under specific sections as mandatory and dismissed premature penalties initiation, emphasizing the importance of consistency in tax treatment and proper verification of evidence by the Revenue. Case-Laws Income Tax Fri, 28 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180271