https://www.taxtmi.com/caselaws?id=333872 The Tribunal ruled in favor of the assessee, holding that the income from the sale of shares should be classified as capital gains, not business income. Emphasizing consistency in treatment across previous and subsequent assessments, the Tribunal noted the lack of evidence supporting a trading activity and upheld the principle of uniformity in treatment as per judicial precedents. The appeal was allowed, overturning the revenue authorities' decision to treat the Short Term Capital Gains as business income. en-us Fri, 07 Oct 2016 00:00:00 +0530 Wed, 26 Oct 2016 09:49:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333872 The Tribunal ruled in favor of the assessee, holding that the income from the sale of shares should be classified as capital gains, not business income. Emphasizing consistency in treatment across previous and subsequent assessments, the Tribunal noted the lack of evidence supporting a trading activity and upheld the principle of uniformity in treatment as per judicial precedents. The appeal was allowed, overturning the revenue authorities' decision to treat the Short Term Capital Gains as business income. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333872