View taken in earlier years cannot be changed unless change in facts and /or in law

1. This appeal raises the following question of law for our consideration :­ “Whether on the facts and in the circumstances of the case and in law, the Tribunal was correct in law, in holding that the gains from the purchase and sale of shares and mutual funds are to be treated as Long Term Capital Gains, ignoring that the volume and frequency of transactions?” 2. The impugned order of the Tribunal dismissed the Revenue’s appeal upholding the stand of the Assessee that the income earned on account of purchase and sale of shares and mutual funds were chargeable to tax under the head ...