https://www.taxtmi.com/caselaws?id=188380 The Tribunal ruled in favor of the assessee, determining that the Long Term Capital Gains and Short Term Capital Gains/Losses on the sale of shares should be treated as capital gains rather than business income/loss. The Tribunal emphasized the assessee's investment intent, consistency in treatment in previous years, and adherence to CBDT Circular guidelines. The decision overturned the First Appellate Authority's ruling and directed the Assessing Officer to accept the capital gains treatment. en-us Wed, 27 Jul 2016 00:00:00 +0530 Tue, 29 Nov 2016 10:12:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188380 The Tribunal ruled in favor of the assessee, determining that the Long Term Capital Gains and Short Term Capital Gains/Losses on the sale of shares should be treated as capital gains rather than business income/loss. The Tribunal emphasized the assessee's investment intent, consistency in treatment in previous years, and adherence to CBDT Circular guidelines. The decision overturned the First Appellate Authority's ruling and directed the Assessing Officer to accept the capital gains treatment. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188380