https://www.taxtmi.com/caselaws?id=344680 The Income Tax Appellate Tribunal (ITAT) allowed the assessee's appeal, directing the Assessing Officer to treat the amount of Rs. 25,28,437/- as short term capital gains instead of business income. ITAT found the transactions to reflect an investment pattern based on evidence presented, including consistent treatment in prior assessments. Emphasizing the principle of consistency, ITAT concluded that the transactions aimed at earning income through dividends, not trading activities, leading to the reversal of the initial addition of business income. en-us Thu, 20 Apr 2017 00:00:00 +0530 Fri, 23 Jun 2017 09:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344680 The Income Tax Appellate Tribunal (ITAT) allowed the assessee's appeal, directing the Assessing Officer to treat the amount of Rs. 25,28,437/- as short term capital gains instead of business income. ITAT found the transactions to reflect an investment pattern based on evidence presented, including consistent treatment in prior assessments. Emphasizing the principle of consistency, ITAT concluded that the transactions aimed at earning income through dividends, not trading activities, leading to the reversal of the initial addition of business income. Case-Laws Income Tax Thu, 20 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344680