https://www.taxtmi.com/caselaws?id=326875 The Tribunal directed the Assessing Officer to assess the surplus on the sale of shares under the head "Short Term Capital Gain" or "Long Term Capital Gain," rather than "Business Income." The penalty imposed under section 271(1)(c) for concealment of income or furnishing inaccurate particulars was deemed unjustified and was deleted by the Tribunal. The appeals of the Revenue and the Cross Objection filed by the assessee were dismissed, confirming the Tribunal's decisions. en-us Thu, 17 Mar 2016 00:00:00 +0530 Wed, 27 Apr 2016 10:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326875 The Tribunal directed the Assessing Officer to assess the surplus on the sale of shares under the head "Short Term Capital Gain" or "Long Term Capital Gain," rather than "Business Income." The penalty imposed under section 271(1)(c) for concealment of income or furnishing inaccurate particulars was deemed unjustified and was deleted by the Tribunal. The appeals of the Revenue and the Cross Objection filed by the assessee were dismissed, confirming the Tribunal's decisions. Case-Laws Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326875