https://www.taxtmi.com/caselaws?id=327709 The Tribunal allowed the assessee's appeals for Assessment Years 2006-07 and 2008-09, directing the AO to classify income from the sale of shares as capital gains (STCG and LTCG) instead of business income. The decision emphasized consistency in tax treatment and judicial trends favoring such transactions being treated as capital gains, citing various precedents and Circular No. 6/2016. en-us Fri, 13 May 2016 00:00:00 +0530 Tue, 17 May 2016 22:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327709 The Tribunal allowed the assessee's appeals for Assessment Years 2006-07 and 2008-09, directing the AO to classify income from the sale of shares as capital gains (STCG and LTCG) instead of business income. The decision emphasized consistency in tax treatment and judicial trends favoring such transactions being treated as capital gains, citing various precedents and Circular No. 6/2016. Case-Laws Income Tax Fri, 13 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327709