https://www.taxtmi.com/caselaws?id=440998 The judgment focused on the classification of income from the sale of shares as Short Term Capital Gain or business income. The Court emphasized the Rule of consistency in decision-making and the importance of uniform treatment when circumstances are identical. The Appellate Tribunal upheld the CIT(A)'s decision to classify the income as Short Term Capital Gain due to the assessee's consistent practice, dismissing the revenue's appeal. The Tribunal highlighted the need for rational reasons for any deviation from past decisions to ensure procedural and content consistency. en-us Thu, 27 Jul 2023 00:00:00 +0530 Mon, 07 Aug 2023 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440998 The judgment focused on the classification of income from the sale of shares as Short Term Capital Gain or business income. The Court emphasized the Rule of consistency in decision-making and the importance of uniform treatment when circumstances are identical. The Appellate Tribunal upheld the CIT(A)'s decision to classify the income as Short Term Capital Gain due to the assessee's consistent practice, dismissing the revenue's appeal. The Tribunal highlighted the need for rational reasons for any deviation from past decisions to ensure procedural and content consistency. Case-Laws Income Tax Thu, 27 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440998