https://www.taxtmi.com/caselaws?id=339692 The Tribunal upheld the decision that the profit on the sale of shares should be classified as long-term capital gains, exempt under section 10(38) of the Act. The appeal of the revenue was dismissed, and the issue of reopening the assessment became moot. The Tribunal confirmed the validity of the assessee's status as a partnership firm and the classification of the shares as long-term investments. en-us Tue, 28 Feb 2017 00:00:00 +0530 Mon, 06 Mar 2017 09:06:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339692 The Tribunal upheld the decision that the profit on the sale of shares should be classified as long-term capital gains, exempt under section 10(38) of the Act. The appeal of the revenue was dismissed, and the issue of reopening the assessment became moot. The Tribunal confirmed the validity of the assessee's status as a partnership firm and the classification of the shares as long-term investments. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339692