https://www.taxtmi.com/caselaws?id=335529 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and directing the re-computation of income based on the nature of share transactions. It emphasized the importance of distinguishing between investments and business activities in determining the tax treatment of gains from share sales. The Tribunal concluded that gains from shares treated as investments in the previous year should be assessed as 'Income from short term capital gains', differing from shares involved in systematic trading activities. en-us Fri, 11 Nov 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335529 The Tribunal allowed the appeal, overturning the CIT(A)'s decision and directing the re-computation of income based on the nature of share transactions. It emphasized the importance of distinguishing between investments and business activities in determining the tax treatment of gains from share sales. The Tribunal concluded that gains from shares treated as investments in the previous year should be assessed as 'Income from short term capital gains', differing from shares involved in systematic trading activities. Case-Laws Income Tax Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335529