https://www.taxtmi.com/caselaws?id=386664 The Revenue challenged the treatment of business income as capital gains, while the assessee disputed the classification of gains on share disposal. The Tribunal ruled in favor of the assessee, directing the AO to accept the claim of charging short term capital gain. The issue of disallowance of expenses on STT paid was remanded to the AO for further consideration. The Revenue's appeal was dismissed due to low tax effect, as per CBDT Circular No. 17/2019, while the assessee's appeal was allowed for statistical purposes. en-us Tue, 01 Oct 2019 00:00:00 +0530 Fri, 04 Oct 2019 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386664 The Revenue challenged the treatment of business income as capital gains, while the assessee disputed the classification of gains on share disposal. The Tribunal ruled in favor of the assessee, directing the AO to accept the claim of charging short term capital gain. The issue of disallowance of expenses on STT paid was remanded to the AO for further consideration. The Revenue's appeal was dismissed due to low tax effect, as per CBDT Circular No. 17/2019, while the assessee's appeal was allowed for statistical purposes. Case-Laws Income Tax Tue, 01 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386664