https://www.taxtmi.com/caselaws?id=354760 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decisions, treating the income from share transactions as capital gains and disallowing the Futures and Options (F&O) losses as sham transactions. Both the assessee's and the Revenue's appeals were dismissed, confirming the well-reasoned orders of the CIT(A) and emphasizing the principle of consistency in the treatment of the assessee's income from share transactions. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 03 Feb 2018 08:34:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354760 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decisions, treating the income from share transactions as capital gains and disallowing the Futures and Options (F&O) losses as sham transactions. Both the assessee's and the Revenue's appeals were dismissed, confirming the well-reasoned orders of the CIT(A) and emphasizing the principle of consistency in the treatment of the assessee's income from share transactions. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354760