https://www.taxtmi.com/caselaws?id=441400 The Tribunal ruled in favor of the assessee, determining that the gain on the sale of shares should be taxed as Long Term Capital Gain (LTCG) and allowing the set off of Long Term Capital Loss (LTCL) and Short Term Capital Loss (STCL). The Tribunal dismissed the revenue's appeal and upheld the assessee's appeal, emphasizing that the shares were held as investments and not as stock-in-trade. The order was pronounced on 04/08/2023. en-us Fri, 04 Aug 2023 00:00:00 +0530 Tue, 08 Aug 2023 07:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441400 The Tribunal ruled in favor of the assessee, determining that the gain on the sale of shares should be taxed as Long Term Capital Gain (LTCG) and allowing the set off of Long Term Capital Loss (LTCL) and Short Term Capital Loss (STCL). The Tribunal dismissed the revenue's appeal and upheld the assessee's appeal, emphasizing that the shares were held as investments and not as stock-in-trade. The order was pronounced on 04/08/2023. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441400