https://www.taxtmi.com/forum/issue?id=115169 Assessing Officers often treat delivery-based securities sales as business income by applying selected criteria from CBDT circulars-frequency, volume, holding period, monitoring-while overlooking factors like absence of business establishment or related expenses; this practice can conflict with statutory classification under S. 111A, which differentiates short- and long-term capital gains by holding period, and the recommended administrative step is to refer the discrepancy to the CBDT in writing, given the binding nature of Board circulars. en-us Wed, 10 Jul 2019 11:49:50 +0530 Thu, 23 Jan 2025 15:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115169 Assessing Officers often treat delivery-based securities sales as business income by applying selected criteria from CBDT circulars-frequency, volume, holding period, monitoring-while overlooking factors like absence of business establishment or related expenses; this practice can conflict with statutory classification under S. 111A, which differentiates short- and long-term capital gains by holding period, and the recommended administrative step is to refer the discrepancy to the CBDT in writing, given the binding nature of Board circulars. Discussion-Forum Income Tax Wed, 10 Jul 2019 11:49:50 +0530 https://www.taxtmi.com/forum/issue?id=115169