https://www.taxtmi.com/caselaws?id=330245 The Tribunal upheld the CIT(A)'s decision to tax the appellant's income from sale/purchase of shares as capital gains, rejecting the Revenue's argument to treat it as business income. Emphasizing the appellant's investment intention and consistent returns, the Tribunal aligned with past assessments and the CBDT Circular's objective of reducing litigation. The appellant's transactions were deemed as investments rather than business activities, leading to the dismissal of the Revenue's appeal. en-us Tue, 12 Jul 2016 00:00:00 +0530 Thu, 21 Jul 2016 10:39:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330245 The Tribunal upheld the CIT(A)'s decision to tax the appellant's income from sale/purchase of shares as capital gains, rejecting the Revenue's argument to treat it as business income. Emphasizing the appellant's investment intention and consistent returns, the Tribunal aligned with past assessments and the CBDT Circular's objective of reducing litigation. The appellant's transactions were deemed as investments rather than business activities, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330245