https://www.taxtmi.com/caselaws?id=329853 The tribunal dismissed the appeal filed by the Assessing Officer, ruling that income from the sale of shares managed under a Portfolio Management Scheme should be taxed as capital gains, not business income. The decision highlighted the control of the PMS provider over investment decisions and the objective of wealth maximization, supporting the assessee's position. en-us Thu, 30 Jun 2016 00:00:00 +0530 Mon, 11 Jul 2016 13:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329853 The tribunal dismissed the appeal filed by the Assessing Officer, ruling that income from the sale of shares managed under a Portfolio Management Scheme should be taxed as capital gains, not business income. The decision highlighted the control of the PMS provider over investment decisions and the objective of wealth maximization, supporting the assessee's position. Case-Laws Income Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329853