https://www.taxtmi.com/caselaws?id=418186 The High Court of Calcutta dismissed the appeal, upholding the Tribunal's decision. The court emphasized the importance of consistency in assessing income from trading in shares and ruled against treating such income as business income instead of capital gains. Additionally, the court held that the principle of consistency in assessment across different years should be maintained, and a circular issued after the assessment year in question could not be used to challenge the assessment order. en-us Fri, 21 Jan 2022 00:00:00 +0530 Thu, 10 Feb 2022 08:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418186 The High Court of Calcutta dismissed the appeal, upholding the Tribunal's decision. The court emphasized the importance of consistency in assessing income from trading in shares and ruled against treating such income as business income instead of capital gains. Additionally, the court held that the principle of consistency in assessment across different years should be maintained, and a circular issued after the assessment year in question could not be used to challenge the assessment order. Case-Laws Income Tax Fri, 21 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418186