https://www.taxtmi.com/caselaws?id=430996 The Appellate Tribunal overturned the decision of the Commissioner and directed the Assessing Officer to treat the gain as Short Term Capital Gain. The Tribunal emphasized the principle of consistency and the lack of material change justifying a different treatment. They highlighted the separate maintenance of portfolios by the assessee and the consistent approach in dealing with shares over previous years. This decision ensured the correct classification of the gain and allowed the assessee's appeal. en-us Wed, 30 Nov 2022 00:00:00 +0530 Fri, 02 Dec 2022 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430996 The Appellate Tribunal overturned the decision of the Commissioner and directed the Assessing Officer to treat the gain as Short Term Capital Gain. The Tribunal emphasized the principle of consistency and the lack of material change justifying a different treatment. They highlighted the separate maintenance of portfolios by the assessee and the consistent approach in dealing with shares over previous years. This decision ensured the correct classification of the gain and allowed the assessee's appeal. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430996