https://www.taxtmi.com/caselaws?id=78205 Profit from a share transaction is determined by the totality of surrounding facts and the assessee's conduct, including holding period, treatment of shares as investment rather than stock-in-trade, repetition of trades in the same scrip, and use of sale proceeds for section 54EC bonds. Concurrent factual findings showed an investment motive, and borrowing funds at a high interest rate alone did not convert the transaction into trading. On that basis, the receipt was treated as long term capital gain and not business income, with no substantial question of law arising from the non-perverse findings. en-us Thu, 21 Oct 2010 00:00:00 +0530 Sat, 02 Jul 2016 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78205 Profit from a share transaction is determined by the totality of surrounding facts and the assessee's conduct, including holding period, treatment of shares as investment rather than stock-in-trade, repetition of trades in the same scrip, and use of sale proceeds for section 54EC bonds. Concurrent factual findings showed an investment motive, and borrowing funds at a high interest rate alone did not convert the transaction into trading. On that basis, the receipt was treated as long term capital gain and not business income, with no substantial question of law arising from the non-perverse findings. Case-Laws Income Tax Thu, 21 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78205