https://www.taxtmi.com/caselaws?id=360140 The Tribunal upheld the decision of the Ld. CIT(A) to treat the income as short term capital gain instead of business income for Assessment Year 2010-11. The Tribunal emphasized the importance of the assessee's intention and treatment in the books of accounts in determining the nature of the income. It considered consistency in treatment in previous and subsequent assessment years, along with a CBDT Circular and the principle of consistency from the Radhasoami Satsang case. The Revenue's appeal was dismissed, affirming the lower authorities' decision. en-us Thu, 26 Apr 2018 00:00:00 +0530 Thu, 10 May 2018 08:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360140 The Tribunal upheld the decision of the Ld. CIT(A) to treat the income as short term capital gain instead of business income for Assessment Year 2010-11. The Tribunal emphasized the importance of the assessee's intention and treatment in the books of accounts in determining the nature of the income. It considered consistency in treatment in previous and subsequent assessment years, along with a CBDT Circular and the principle of consistency from the Radhasoami Satsang case. The Revenue's appeal was dismissed, affirming the lower authorities' decision. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360140