https://www.taxtmi.com/caselaws?id=403782 The Tribunal allowed the appeals of the assessees, ruling that gains from the sale of shares should be treated as capital gains rather than business income. It emphasized the intention and nature of transactions, supporting the classification as capital gains. The Tribunal did not address additional grounds related to the validity of proceedings under Section 153A and the requirement of approval under Section 153D, as it ruled in favor of the assessees on the primary issue. en-us Fri, 29 Jan 2021 00:00:00 +0530 Mon, 08 Feb 2021 14:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403782 The Tribunal allowed the appeals of the assessees, ruling that gains from the sale of shares should be treated as capital gains rather than business income. It emphasized the intention and nature of transactions, supporting the classification as capital gains. The Tribunal did not address additional grounds related to the validity of proceedings under Section 153A and the requirement of approval under Section 153D, as it ruled in favor of the assessees on the primary issue. Case-Laws Income Tax Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403782