https://www.taxtmi.com/caselaws?id=369788 The Tribunal allowed the appeals of Smt. Annapurna Maheshwari for the assessment years 2008-09 and 2010-11, directing the AO to treat the profits from the sale of shares as Short Term Capital Gain (STCG). In the case of Shri Pradeep Maheshwari HUF, the Tribunal partly allowed the appeal, directing the AO to treat the income as STCG instead of Long Term Capital Gain (LTCG), as the shares were held for less than 12 months. The Tribunal emphasized the importance of genuine documentation and adherence to legal provisions in determining the nature of income. en-us Wed, 31 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 13:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369788 The Tribunal allowed the appeals of Smt. Annapurna Maheshwari for the assessment years 2008-09 and 2010-11, directing the AO to treat the profits from the sale of shares as Short Term Capital Gain (STCG). In the case of Shri Pradeep Maheshwari HUF, the Tribunal partly allowed the appeal, directing the AO to treat the income as STCG instead of Long Term Capital Gain (LTCG), as the shares were held for less than 12 months. The Tribunal emphasized the importance of genuine documentation and adherence to legal provisions in determining the nature of income. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369788