https://www.taxtmi.com/caselaws?id=350239 The tribunal ruled that gains from shares sold within 30 days should be treated as business income, allowing the deduction of Securities Transaction Tax (STT) paid. Gains from shares held for over 30 days were classified as capital gains. The tribunal admitted the assessee's claim for STT deduction, citing precedent. The case was remanded to the Assessing Officer for income computation based on share holding periods. The appeal was partially allowed with instructions for income verification. en-us Tue, 31 Oct 2017 00:00:00 +0530 Thu, 02 Nov 2017 08:03:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350239 The tribunal ruled that gains from shares sold within 30 days should be treated as business income, allowing the deduction of Securities Transaction Tax (STT) paid. Gains from shares held for over 30 days were classified as capital gains. The tribunal admitted the assessee's claim for STT deduction, citing precedent. The case was remanded to the Assessing Officer for income computation based on share holding periods. The appeal was partially allowed with instructions for income verification. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350239