https://www.taxtmi.com/caselaws?id=360873 The High Court upheld the Tribunal's decision to treat income from the sale of shares as capital gain, not business income. The Court emphasized adherence to CBDT circular No. 6 of 2016 in determining income nature, rejecting Revenue authorities' claims of price rigging. Transactions were deemed genuine, as suspicions were unsubstantiated. The judgment stressed the importance of following the circular to minimize tax disputes and ensure accurate income classification. en-us Tue, 20 Mar 2018 00:00:00 +0530 Thu, 24 May 2018 08:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360873 The High Court upheld the Tribunal's decision to treat income from the sale of shares as capital gain, not business income. The Court emphasized adherence to CBDT circular No. 6 of 2016 in determining income nature, rejecting Revenue authorities' claims of price rigging. Transactions were deemed genuine, as suspicions were unsubstantiated. The judgment stressed the importance of following the circular to minimize tax disputes and ensure accurate income classification. Case-Laws Income Tax Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360873