https://www.taxtmi.com/caselaws?id=180730 The Tribunal ruled that the income arising from the sale of shares, units, and securities through Portfolio Management Services should be assessed under the head of capital gains, contrary to the Assessing Officer's classification as business income. The Tribunal allowed the appeal in part, directing the AO to consider the correct amount of income based on the evidence provided by the assessee. en-us Wed, 11 Jul 2012 00:00:00 +0530 Fri, 01 Apr 2016 10:52:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180730 The Tribunal ruled that the income arising from the sale of shares, units, and securities through Portfolio Management Services should be assessed under the head of capital gains, contrary to the Assessing Officer's classification as business income. The Tribunal allowed the appeal in part, directing the AO to consider the correct amount of income based on the evidence provided by the assessee. Case-Laws Income Tax Wed, 11 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180730