https://www.taxtmi.com/caselaws?id=330869 The Tribunal dismissed the Revenue's appeal for assessment years 2006-07 and 2007-08, affirming the treatment of income as capital gains. The decision was based on the assessee's maintenance of separate portfolios for investment and stock-in-trade, in line with CBDT Circulars and legal precedents. The Tribunal emphasized the importance of the assessee's intention in determining the nature of income, referencing various court decisions supporting the capital gains treatment. en-us Fri, 24 Jun 2016 00:00:00 +0530 Sat, 06 Aug 2016 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330869 The Tribunal dismissed the Revenue's appeal for assessment years 2006-07 and 2007-08, affirming the treatment of income as capital gains. The decision was based on the assessee's maintenance of separate portfolios for investment and stock-in-trade, in line with CBDT Circulars and legal precedents. The Tribunal emphasized the importance of the assessee's intention in determining the nature of income, referencing various court decisions supporting the capital gains treatment. Case-Laws Income Tax Fri, 24 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330869