https://www.taxtmi.com/caselaws?id=329786 The Tribunal allowed the appeal, overturning the CIT(A)'s decision, and ruled that the profits from the sale of shares should be treated as capital gains rather than business income. The Tribunal emphasized the lack of contradictory binding decisions from the Revenue and upheld the consistency in treating similar transactions in previous years as capital gains. The judgment was delivered on June 6, 2016, in Ahmedabad. en-us Mon, 06 Jun 2016 00:00:00 +0530 Sat, 09 Jul 2016 11:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329786 The Tribunal allowed the appeal, overturning the CIT(A)'s decision, and ruled that the profits from the sale of shares should be treated as capital gains rather than business income. The Tribunal emphasized the lack of contradictory binding decisions from the Revenue and upheld the consistency in treating similar transactions in previous years as capital gains. The judgment was delivered on June 6, 2016, in Ahmedabad. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329786