https://www.taxtmi.com/caselaws?id=278041 The Tribunal upheld the treatment of surplus from the sale of shares as short-term capital gains, considering the assessee's intention as an investor. The Tribunal also supported the deletion of additions made under Section 68, finding the transactions genuine and the assessee meeting the burden of proof. The decisions were in line with legal principles and CBDT guidelines, aiming to ensure consistency in tax treatment and reduce litigation. The Tribunal dismissed the appeal based on monetary limits set by CBDT Circular No. 21/2015 for one of the assessment years due to the tax effect being below the prescribed limit. en-us Mon, 11 Jul 2016 00:00:00 +0530 Sun, 06 Jan 2019 06:12:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278041 The Tribunal upheld the treatment of surplus from the sale of shares as short-term capital gains, considering the assessee's intention as an investor. The Tribunal also supported the deletion of additions made under Section 68, finding the transactions genuine and the assessee meeting the burden of proof. The decisions were in line with legal principles and CBDT guidelines, aiming to ensure consistency in tax treatment and reduce litigation. The Tribunal dismissed the appeal based on monetary limits set by CBDT Circular No. 21/2015 for one of the assessment years due to the tax effect being below the prescribed limit. Case-Laws Income Tax Mon, 11 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278041