https://www.taxtmi.com/caselaws?id=180797 The Tribunal upheld the CIT(A)'s decision to treat the income from sale and purchase of shares as short term capital gains, dismissing the appeal filed by the Revenue. The Tribunal considered the factual situation where the majority of shares were held for a long period resulting in short term capital gains. The CIT(A) correctly noted the limited share transactions by the assessee, determining them to be an investor rather than a trader. en-us Tue, 27 Nov 2012 00:00:00 +0530 Fri, 01 Apr 2016 18:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180797 The Tribunal upheld the CIT(A)'s decision to treat the income from sale and purchase of shares as short term capital gains, dismissing the appeal filed by the Revenue. The Tribunal considered the factual situation where the majority of shares were held for a long period resulting in short term capital gains. The CIT(A) correctly noted the limited share transactions by the assessee, determining them to be an investor rather than a trader. Case-Laws Income Tax Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180797