https://www.taxtmi.com/caselaws?id=369128 The Tribunal upheld the CIT(A)'s decision to treat a portion of Short Term Capital Gains (STCG) as business income due to repetitive transactions in specific scrips. It directed the AO to allow related business expenses after the assessee provides relevant evidence. For the assessment year 2008-09, similar repetitive transactions in various scrips resulted in a specific amount being treated as business income, with the same directive for allowing business expenses. The appeals were partly allowed, emphasizing consistency in capital gains treatment and recognizing the significance of repetitive transactions in determining business income. en-us Tue, 21 Aug 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:53:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369128 The Tribunal upheld the CIT(A)'s decision to treat a portion of Short Term Capital Gains (STCG) as business income due to repetitive transactions in specific scrips. It directed the AO to allow related business expenses after the assessee provides relevant evidence. For the assessment year 2008-09, similar repetitive transactions in various scrips resulted in a specific amount being treated as business income, with the same directive for allowing business expenses. The appeals were partly allowed, emphasizing consistency in capital gains treatment and recognizing the significance of repetitive transactions in determining business income. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369128