https://www.taxtmi.com/caselaws?id=297956 The Tribunal dismissed the Revenue's appeal, affirming the CIT (A)'s decision to treat the income from share transactions as capital gains based on the precedent set by the ITAT's earlier ruling in the assessee's case. The judgment underscores the significance of factual consistency and precedent in tax assessments, emphasizing the binding nature of prior decisions in similar circumstances. en-us Fri, 18 Nov 2016 00:00:00 +0530 Sat, 02 Oct 2021 10:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297956 The Tribunal dismissed the Revenue's appeal, affirming the CIT (A)'s decision to treat the income from share transactions as capital gains based on the precedent set by the ITAT's earlier ruling in the assessee's case. The judgment underscores the significance of factual consistency and precedent in tax assessments, emphasizing the binding nature of prior decisions in similar circumstances. Case-Laws Income Tax Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297956