https://www.taxtmi.com/caselaws?id=186544 The appeal under Section 260A of the Income Tax Act challenged the classification of gains from share transactions as capital gains or business income for the assessment year 2007-08. The CIT(A) and Tribunal both upheld the gains as capital gains based on the appellant's investment history and lack of evidence suggesting a trading motive. The decision was deemed justified as no new evidence contradicted the investment nature of the shares, leading to the dismissal of the revenue's appeal. en-us Mon, 01 Sep 2014 00:00:00 +0530 Thu, 22 Sep 2016 12:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186544 The appeal under Section 260A of the Income Tax Act challenged the classification of gains from share transactions as capital gains or business income for the assessment year 2007-08. The CIT(A) and Tribunal both upheld the gains as capital gains based on the appellant's investment history and lack of evidence suggesting a trading motive. The decision was deemed justified as no new evidence contradicted the investment nature of the shares, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186544