https://www.taxtmi.com/caselaws?id=335138 The Tribunal allowed the appeal, directing the AO to treat the income from the sale and purchase of shares as short term and long term capital gains. The decision emphasized the importance of consistency in treating shares as investment or stock-in-trade, based on past practices and CBDT Circular, to avoid uncertainty and reduce litigation. The appellant's claim for a deduction under section 88E equal to securities transaction tax paid was not specifically addressed in the judgment. en-us Fri, 23 Sep 2016 00:00:00 +0530 Sat, 26 Nov 2016 10:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335138 The Tribunal allowed the appeal, directing the AO to treat the income from the sale and purchase of shares as short term and long term capital gains. The decision emphasized the importance of consistency in treating shares as investment or stock-in-trade, based on past practices and CBDT Circular, to avoid uncertainty and reduce litigation. The appellant's claim for a deduction under section 88E equal to securities transaction tax paid was not specifically addressed in the judgment. Case-Laws Income Tax Fri, 23 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335138