https://www.taxtmi.com/caselaws?id=337106 The Tribunal upheld the CIT(A)'s decision, concluding that the short term capital gain (STCG) and long term capital gain (LTCG) should be treated as capital gains, not business income. The Tribunal emphasized the importance of the assessee's intention, historical treatment, and the nature of transactions in determining the income nature. The Revenue's appeal was dismissed for lacking merit, directing the gains to be taxed as capital gains in accordance with the assessee's return of income. en-us Tue, 27 Dec 2016 00:00:00 +0530 Tue, 03 Jan 2017 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337106 The Tribunal upheld the CIT(A)'s decision, concluding that the short term capital gain (STCG) and long term capital gain (LTCG) should be treated as capital gains, not business income. The Tribunal emphasized the importance of the assessee's intention, historical treatment, and the nature of transactions in determining the income nature. The Revenue's appeal was dismissed for lacking merit, directing the gains to be taxed as capital gains in accordance with the assessee's return of income. Case-Laws Income Tax Tue, 27 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337106