https://www.taxtmi.com/caselaws?id=185740 The Tribunal upheld the CIT(A)'s decision, determining that the income from sale and purchase of shares should be treated as capital gain and not business income for the Assessment Year 2006-07. The assessee's claim as an investor was accepted based on the long-term holdings of shares, leading to the dismissal of the Revenue's appeal. en-us Fri, 23 Dec 2011 00:00:00 +0530 Fri, 26 Aug 2016 12:53:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185740 The Tribunal upheld the CIT(A)'s decision, determining that the income from sale and purchase of shares should be treated as capital gain and not business income for the Assessment Year 2006-07. The assessee's claim as an investor was accepted based on the long-term holdings of shares, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 23 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185740