https://www.taxtmi.com/caselaws?id=120200 The Tribunal allowed the assessee's appeal, determining that the investment activities should be classified as capital gains rather than business profits. The Tribunal emphasized the consistent behavior of the assessee as an investor, considering factors such as limited scale of transactions, holding period of shares, and use of own funds. The gains from the sale of shares, including bonus shares, were treated as capital gains based on the assessee's conduct and legal principles established in relevant case law. en-us Tue, 18 Apr 2006 00:00:00 +0530 Tue, 17 Jul 2012 14:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120200 The Tribunal allowed the assessee's appeal, determining that the investment activities should be classified as capital gains rather than business profits. The Tribunal emphasized the consistent behavior of the assessee as an investor, considering factors such as limited scale of transactions, holding period of shares, and use of own funds. The gains from the sale of shares, including bonus shares, were treated as capital gains based on the assessee's conduct and legal principles established in relevant case law. Case-Laws Income Tax Tue, 18 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120200