https://www.taxtmi.com/caselaws?id=183195 The Tribunal upheld the CIT(A)'s decision to classify income from share transactions as Long Term Capital Gains (LTCG) or Short Term Capital Gains (STCG), emphasizing the consistency in treatment and adherence to judicial precedents and CBDT guidelines. The Tribunal found the transactions were not frequent enough to be considered trading activities, with the shares consistently shown as investments in the books of accounts. The Revenue's appeals were dismissed, and the assessee's cross-objections were dismissed as not pressed. en-us Thu, 24 Jun 2010 00:00:00 +0530 Wed, 01 Jun 2016 14:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183195 The Tribunal upheld the CIT(A)'s decision to classify income from share transactions as Long Term Capital Gains (LTCG) or Short Term Capital Gains (STCG), emphasizing the consistency in treatment and adherence to judicial precedents and CBDT guidelines. The Tribunal found the transactions were not frequent enough to be considered trading activities, with the shares consistently shown as investments in the books of accounts. The Revenue's appeals were dismissed, and the assessee's cross-objections were dismissed as not pressed. Case-Laws Income Tax Thu, 24 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183195