https://www.taxtmi.com/caselaws?id=189196 The Tribunal's judgment favored the assessee by allowing the appeal and dismissing the revenue's appeal. The decision emphasized the consistency of the assessee's investment activities and found no justification to alter the treatment of capital gains as business income. The Tribunal noted the assessee's investments aligned with permitted activities, primarily focused on investing rather than trading in shares, and lacked substantial changes from previous assessments. The assessee's classification of shares as investments, absence of borrowing for investments, and historical acceptance as an investor supported the Tribunal's ruling. en-us Fri, 05 Feb 2016 00:00:00 +0530 Sat, 31 Dec 2016 12:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189196 The Tribunal's judgment favored the assessee by allowing the appeal and dismissing the revenue's appeal. The decision emphasized the consistency of the assessee's investment activities and found no justification to alter the treatment of capital gains as business income. The Tribunal noted the assessee's investments aligned with permitted activities, primarily focused on investing rather than trading in shares, and lacked substantial changes from previous assessments. The assessee's classification of shares as investments, absence of borrowing for investments, and historical acceptance as an investor supported the Tribunal's ruling. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189196