https://www.taxtmi.com/caselaws?id=203097 ITAT held that income from sale of 12 identified scrips, held for long periods ranging from about 10 to over 13 years, was assessable as Long Term Capital Gains, treating the assessee as an investor and not a trader. For other share transactions resulting in Short Term Capital Gains, there was no intraday trading and most shares were held between 2 to 5 months, further supporting investment character. The assessee had already offered speculation and futures and options income as business income. ITAT upheld the order of CIT(A) and dismissed the Revenue's appeal. en-us Fri, 25 Feb 2011 00:00:00 +0530 Wed, 26 Nov 2025 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203097 ITAT held that income from sale of 12 identified scrips, held for long periods ranging from about 10 to over 13 years, was assessable as Long Term Capital Gains, treating the assessee as an investor and not a trader. For other share transactions resulting in Short Term Capital Gains, there was no intraday trading and most shares were held between 2 to 5 months, further supporting investment character. The assessee had already offered speculation and futures and options income as business income. ITAT upheld the order of CIT(A) and dismissed the Revenue's appeal. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203097