https://www.taxtmi.com/caselaws?id=191118 The Revenue appealed against the CIT(A)'s order directing the bifurcation and recalculation of income from business and capital gains for the assessment year 2008-09. The CIT(A) had based the decision on the holding period of shares, deeming shares held for over 30 days as investments and those held for less as business income. The Tribunal found this decision unclear and remanded the matter for a definitive determination of whether the assessee is an investor or trader in shares. The appeal was allowed for statistical purposes, emphasizing the importance of a clear assessment of the assessee's status for accurate income determination. en-us Fri, 04 Nov 2011 00:00:00 +0530 Tue, 21 Mar 2017 15:51:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191118 The Revenue appealed against the CIT(A)'s order directing the bifurcation and recalculation of income from business and capital gains for the assessment year 2008-09. The CIT(A) had based the decision on the holding period of shares, deeming shares held for over 30 days as investments and those held for less as business income. The Tribunal found this decision unclear and remanded the matter for a definitive determination of whether the assessee is an investor or trader in shares. The appeal was allowed for statistical purposes, emphasizing the importance of a clear assessment of the assessee's status for accurate income determination. Case-Laws Income Tax Fri, 04 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191118