https://www.taxtmi.com/caselaws?id=335845 The Tribunal partially allowed the appeal, directing that gains from shares held for up to 30 days be treated as business income, while gains from shares held for more than 30 days be treated as short-term or long-term capital gains, depending on the holding period. The decision balanced the Assessing Officer's findings with the principle of consistency, considering the assessee's past tax assessments and the nature of transactions, emphasizing the significance of the holding period in determining the income nature from share transactions. en-us Wed, 07 Dec 2016 00:00:00 +0530 Sun, 11 Dec 2016 23:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335845 The Tribunal partially allowed the appeal, directing that gains from shares held for up to 30 days be treated as business income, while gains from shares held for more than 30 days be treated as short-term or long-term capital gains, depending on the holding period. The decision balanced the Assessing Officer's findings with the principle of consistency, considering the assessee's past tax assessments and the nature of transactions, emphasizing the significance of the holding period in determining the income nature from share transactions. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335845