https://www.taxtmi.com/caselaws?id=779896 ITAT held that additions based on mark-to-market valuation of unsold securities, representing unrealized gains, cannot be taxed as capital gains or business income for the year and directed the AO to delete the addition. The tribunal observed corresponding profits and losses on outstanding scrips were offered in subsequent years and found the Section 115BBE implication to be merely consequential. Issue of TCS credit was remitted to the AO for fresh decision in accordance with law since lower authorities made no finding. en-us Thu, 18 Sep 2025 00:00:00 +0530 Wed, 15 Oct 2025 08:27:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779896 ITAT held that additions based on mark-to-market valuation of unsold securities, representing unrealized gains, cannot be taxed as capital gains or business income for the year and directed the AO to delete the addition. The tribunal observed corresponding profits and losses on outstanding scrips were offered in subsequent years and found the Section 115BBE implication to be merely consequential. Issue of TCS credit was remitted to the AO for fresh decision in accordance with law since lower authorities made no finding. Case-Laws Income Tax Thu, 18 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779896