https://www.taxtmi.com/caselaws?id=312803 The Tribunal upheld the Commissioner (Appeals)'s decision, affirming that the income from the sale of shares should be taxed as "Long Term Capital Gains" (LTCG) and "Short Term Capital Gains" (STCG), consistent with previous and subsequent years. The Tribunal dismissed the Revenue's appeal, rejecting the classification of income as "Business Income" by the AO. The decision confirmed the assessee's treatment of share transaction income under LTCG and STCG, aligning with prior judgments and practices. The Revenue's appeal was dismissed, and the order was pronounced on 31st January 2013. en-us Thu, 31 Jan 2013 00:00:00 +0530 Fri, 08 Mar 2024 15:48:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312803 The Tribunal upheld the Commissioner (Appeals)'s decision, affirming that the income from the sale of shares should be taxed as "Long Term Capital Gains" (LTCG) and "Short Term Capital Gains" (STCG), consistent with previous and subsequent years. The Tribunal dismissed the Revenue's appeal, rejecting the classification of income as "Business Income" by the AO. The decision confirmed the assessee's treatment of share transaction income under LTCG and STCG, aligning with prior judgments and practices. The Revenue's appeal was dismissed, and the order was pronounced on 31st January 2013. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312803