https://www.taxtmi.com/caselaws?id=329460 The Tribunal ruled in favor of the assessee, determining that the income from the sale of equity shares should be classified as short-term capital gain instead of business income. The decision was based on the assessee's consistent treatment of the transactions as investments, the use of own funds, and the guidance from the latest CBDT Circulars. The Tribunal overturned the CIT(A)'s decision, allowing the appeal in favor of the assessee. en-us Mon, 06 Jun 2016 00:00:00 +0530 Fri, 01 Jul 2016 23:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329460 The Tribunal ruled in favor of the assessee, determining that the income from the sale of equity shares should be classified as short-term capital gain instead of business income. The decision was based on the assessee's consistent treatment of the transactions as investments, the use of own funds, and the guidance from the latest CBDT Circulars. The Tribunal overturned the CIT(A)'s decision, allowing the appeal in favor of the assessee. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329460