https://www.taxtmi.com/caselaws?id=326619 The Tribunal partly allowed the appeal, emphasizing the importance of evidence-based decision-making in tax matters. It criticized the CIT(A) for a non-speaking order and lack of evidence, setting aside the issue of treating income from share sales as capital gain/business income. The appellant was instructed to provide relevant details for a comprehensive review. The Tribunal noted a shift in income nature based on financial data, highlighting the need to consider current facts over past decisions as benchmarks. en-us Thu, 03 Mar 2016 00:00:00 +0530 Thu, 21 Apr 2016 10:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326619 The Tribunal partly allowed the appeal, emphasizing the importance of evidence-based decision-making in tax matters. It criticized the CIT(A) for a non-speaking order and lack of evidence, setting aside the issue of treating income from share sales as capital gain/business income. The appellant was instructed to provide relevant details for a comprehensive review. The Tribunal noted a shift in income nature based on financial data, highlighting the need to consider current facts over past decisions as benchmarks. Case-Laws Income Tax Thu, 03 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326619