https://www.taxtmi.com/caselaws?id=188358 The appeal filed by the assessee was allowed, overturning the decision to treat LTCG and STCG as business income and taxing them at normal rates. The Tribunal found in favor of the assessee, emphasizing the consistent approach in maintaining books and the failure of the revenue authority to disprove the same. The order of the CIT(A) was set aside, directing the AO to delete the addition made and accept the assessee's contentions. en-us Wed, 27 Feb 2013 00:00:00 +0530 Mon, 28 Nov 2016 12:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188358 The appeal filed by the assessee was allowed, overturning the decision to treat LTCG and STCG as business income and taxing them at normal rates. The Tribunal found in favor of the assessee, emphasizing the consistent approach in maintaining books and the failure of the revenue authority to disprove the same. The order of the CIT(A) was set aside, directing the AO to delete the addition made and accept the assessee's contentions. Case-Laws Income Tax Wed, 27 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188358