https://www.taxtmi.com/caselaws?id=59499 The Tribunal allowed the appeal by the assessee, directing the AO to classify income from delivery-based share transactions as capital gains, aligning with previous years' treatment. The Tribunal emphasized the principle of consistency, noting that the transactions' nature had not changed. It found the assessee's argument credible that delivery-based transactions were for investment purposes, supported by detailed records and long holding periods. Consequently, the Tribunal reversed the Revenue authorities' orders, instructing the AO to accept the assessee's claims for short-term and long-term capital gains. en-us Tue, 10 Feb 2009 00:00:00 +0530 Mon, 30 Oct 2023 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59499 The Tribunal allowed the appeal by the assessee, directing the AO to classify income from delivery-based share transactions as capital gains, aligning with previous years' treatment. The Tribunal emphasized the principle of consistency, noting that the transactions' nature had not changed. It found the assessee's argument credible that delivery-based transactions were for investment purposes, supported by detailed records and long holding periods. Consequently, the Tribunal reversed the Revenue authorities' orders, instructing the AO to accept the assessee's claims for short-term and long-term capital gains. Case-Laws Income Tax Tue, 10 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59499