https://www.taxtmi.com/caselaws?id=369863 The Tribunal affirmed the ld CIT(A)'s decision, classifying the profit on the sale of mutual funds as capital gain rather than business income for the Assessment Year in question. The Tribunal emphasized the appellant's investment intent, lack of control over further investments in mutual funds, and past acceptance by revenue of similar claims as capital gain or loss, citing the principle of consistency. The revenue's appeal was dismissed, upholding the capital gain classification. en-us Tue, 30 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369863 The Tribunal affirmed the ld CIT(A)'s decision, classifying the profit on the sale of mutual funds as capital gain rather than business income for the Assessment Year in question. The Tribunal emphasized the appellant's investment intent, lack of control over further investments in mutual funds, and past acceptance by revenue of similar claims as capital gain or loss, citing the principle of consistency. The revenue's appeal was dismissed, upholding the capital gain classification. Case-Laws Income Tax Tue, 30 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369863