https://www.taxtmi.com/caselaws?id=362448 The Tribunal concluded that gains from the sale of securities through Portfolio Management Services (PMS) should be treated as 'Capital Gains' and not 'Business Income'. The Revenue's appeals were dismissed, upholding the CIT(A)'s decision. All five appeals were dismissed, confirming the gains as chargeable under the head 'Capital Gains'. The order was pronounced on June 20, 2018. en-us Wed, 20 Jun 2018 00:00:00 +0530 Mon, 25 Jun 2018 16:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362448 The Tribunal concluded that gains from the sale of securities through Portfolio Management Services (PMS) should be treated as 'Capital Gains' and not 'Business Income'. The Revenue's appeals were dismissed, upholding the CIT(A)'s decision. All five appeals were dismissed, confirming the gains as chargeable under the head 'Capital Gains'. The order was pronounced on June 20, 2018. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362448