https://www.taxtmi.com/caselaws?id=326789 The Tribunal ruled that the income earned by the investment company on the sale of shares through Portfolio Management Services should be treated as capital gains, not business income. The decision was based on precedents from the Delhi High Court and the Karnataka High Court, which established that investments through PMS should be taxed as capital gains. As a result, the appeal of the assessee was allowed, and the income from the sale of shares was classified as capital gains. en-us Fri, 08 Apr 2016 00:00:00 +0530 Mon, 25 Apr 2016 11:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326789 The Tribunal ruled that the income earned by the investment company on the sale of shares through Portfolio Management Services should be treated as capital gains, not business income. The decision was based on precedents from the Delhi High Court and the Karnataka High Court, which established that investments through PMS should be taxed as capital gains. As a result, the appeal of the assessee was allowed, and the income from the sale of shares was classified as capital gains. Case-Laws Income Tax Fri, 08 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326789