https://www.taxtmi.com/caselaws?id=201858 HC dismissed the revenue's appeal, holding that no substantial question of law arose. It upheld the findings of the CIT(A) and Tribunal that the assessee was an investor in shares, not a stock trader, despite the substantial volume of transactions. Consequently, profits from sale of shares were to be assessed as capital gains and not as business income. The HC found the lower authorities' reasoning cogent and declined to interfere, dismissing the appeal in limine and thereby affirming the assessee's tax treatment of share sale income as capital gains. en-us Mon, 16 Aug 2010 00:00:00 +0530 Wed, 19 Nov 2025 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201858 HC dismissed the revenue's appeal, holding that no substantial question of law arose. It upheld the findings of the CIT(A) and Tribunal that the assessee was an investor in shares, not a stock trader, despite the substantial volume of transactions. Consequently, profits from sale of shares were to be assessed as capital gains and not as business income. The HC found the lower authorities' reasoning cogent and declined to interfere, dismissing the appeal in limine and thereby affirming the assessee's tax treatment of share sale income as capital gains. Case-Laws Income Tax Mon, 16 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201858