https://www.taxtmi.com/caselaws?id=182532 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals and upheld the Commissioner of Income Tax (Appeals) decision to classify income from share transactions as 'Long Term Capital Gains (LTCG) / Short Term Capital Gains (STCG)' instead of 'Business Income'. The ITAT found that the shares were treated as investments, transactions were limited, and no evidence was provided to challenge the assessee's treatment. Consequently, the ITAT ruled in favor of the assessee, and the Revenue's appeals were dismissed. en-us Thu, 09 Sep 2010 00:00:00 +0530 Thu, 12 May 2016 17:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182532 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals and upheld the Commissioner of Income Tax (Appeals) decision to classify income from share transactions as 'Long Term Capital Gains (LTCG) / Short Term Capital Gains (STCG)' instead of 'Business Income'. The ITAT found that the shares were treated as investments, transactions were limited, and no evidence was provided to challenge the assessee's treatment. Consequently, the ITAT ruled in favor of the assessee, and the Revenue's appeals were dismissed. Case-Laws Income Tax Thu, 09 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182532