https://www.taxtmi.com/caselaws?id=369383 The ITAT upheld the CIT (A) decision to assess the gain from the sale of shares under the head 'capital gain,' dismissing the department's appeal. The ITAT emphasized the intention of the assessee at the time of share purchase and the treatment of securities as investments, citing a Delhi High Court judgment and a CBDT Circular. The ITAT found no factual errors in the CIT (A) findings and distinguished the judicial precedents cited by the department, ultimately concluding that the CIT (A) decision was appropriate. en-us Tue, 23 Oct 2018 00:00:00 +0530 Mon, 09 Sep 2019 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369383 The ITAT upheld the CIT (A) decision to assess the gain from the sale of shares under the head 'capital gain,' dismissing the department's appeal. The ITAT emphasized the intention of the assessee at the time of share purchase and the treatment of securities as investments, citing a Delhi High Court judgment and a CBDT Circular. The ITAT found no factual errors in the CIT (A) findings and distinguished the judicial precedents cited by the department, ultimately concluding that the CIT (A) decision was appropriate. Case-Laws Income Tax Tue, 23 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369383