https://www.taxtmi.com/caselaws?id=182722 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) and Commissioner of Income Tax (Appeals) (CIT(A)) regarding the treatment of income from share transactions. The Court found no error in treating the income as long term capital gain instead of business income, as the shares had been previously treated as investments in earlier assessments. As no substantial question of law arose, the Court dismissed the appeal, affirming the deletion of the addition made by the Assessing Officer. en-us Mon, 25 Nov 2013 00:00:00 +0530 Mon, 26 Sep 2016 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182722 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) and Commissioner of Income Tax (Appeals) (CIT(A)) regarding the treatment of income from share transactions. The Court found no error in treating the income as long term capital gain instead of business income, as the shares had been previously treated as investments in earlier assessments. As no substantial question of law arose, the Court dismissed the appeal, affirming the deletion of the addition made by the Assessing Officer. Case-Laws Income Tax Mon, 25 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182722