https://www.taxtmi.com/caselaws?id=331421 The Tribunal dismissed both the assessee's and the Revenue's appeals, upholding the Commissioner's order to treat income from share transactions based on the nature of the transactions. The Tribunal emphasized the need for consistency in treatment and supported the classification of income as capital gains except for transactions involving portfolio churning, which were deemed as business income. The decision was rendered on 20 July 2016. en-us Wed, 20 Jul 2016 00:00:00 +0530 Tue, 23 Aug 2016 14:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331421 The Tribunal dismissed both the assessee's and the Revenue's appeals, upholding the Commissioner's order to treat income from share transactions based on the nature of the transactions. The Tribunal emphasized the need for consistency in treatment and supported the classification of income as capital gains except for transactions involving portfolio churning, which were deemed as business income. The decision was rendered on 20 July 2016. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331421