https://www.taxtmi.com/caselaws?id=370996 The High Court dismissed the Income Tax Appeal, affirming the Tribunal's findings that the profit on the sale of shares should be classified as capital gain, the holding period for long-term capital gain was valid, the assessee's involvement in share transactions was that of an investor, and there was no evidence of tax evasion through bonus stripping. The Court emphasized that the assessee's actions aligned with legitimate tax planning practices, and the Revenue's objections were unfounded. en-us Mon, 19 Nov 2018 00:00:00 +0530 Tue, 27 Nov 2018 06:40:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370996 The High Court dismissed the Income Tax Appeal, affirming the Tribunal's findings that the profit on the sale of shares should be classified as capital gain, the holding period for long-term capital gain was valid, the assessee's involvement in share transactions was that of an investor, and there was no evidence of tax evasion through bonus stripping. The Court emphasized that the assessee's actions aligned with legitimate tax planning practices, and the Revenue's objections were unfounded. Case-Laws Income Tax Mon, 19 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370996