https://www.taxtmi.com/caselaws?id=403739 The Tribunal upheld the CIT(A)'s decision, classifying income from the sale of shares as Long Term Capital Gain (LTCG) instead of business income. The reassessment proceedings initiated under section 148 were considered unnecessary as the primary issue was resolved in favor of the assessee. The appeal by the Revenue and the cross-objection by the assessee were both dismissed. en-us Fri, 05 Feb 2021 00:00:00 +0530 Sat, 06 Feb 2021 11:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403739 The Tribunal upheld the CIT(A)'s decision, classifying income from the sale of shares as Long Term Capital Gain (LTCG) instead of business income. The reassessment proceedings initiated under section 148 were considered unnecessary as the primary issue was resolved in favor of the assessee. The appeal by the Revenue and the cross-objection by the assessee were both dismissed. Case-Laws Income Tax Fri, 05 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403739