https://www.taxtmi.com/caselaws?id=326358 The Tribunal upheld the ld. CIT(A)'s decision in a case involving the characterization of income as capital gain or business income for a financial consultant engaged in selling financial products. The Tribunal considered factors such as the nature of transactions, accounting treatment, and absence of regular trading activities, in line with the CBDT Circular distinguishing capital assets from stock-in-trade. The assessee's consistent treatment of securities as investments prevailed, leading to the dismissal of the Revenue's appeal. en-us Thu, 10 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 10:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326358 The Tribunal upheld the ld. CIT(A)'s decision in a case involving the characterization of income as capital gain or business income for a financial consultant engaged in selling financial products. The Tribunal considered factors such as the nature of transactions, accounting treatment, and absence of regular trading activities, in line with the CBDT Circular distinguishing capital assets from stock-in-trade. The assessee's consistent treatment of securities as investments prevailed, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 10 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326358