https://www.taxtmi.com/caselaws?id=206020 The Tribunal upheld the revenue authorities' decision to treat profits from share transactions as income from business rather than capital gains. Despite dealing in only one script, the high frequency of transactions indicated a trading intention, supported by short holding periods and lack of dividend income. The appellant failed to provide evidence to counter lower authorities' findings, leading to the dismissal of the appeals. The decision was based on transaction nature, intention, and insufficient evidence supporting capital gains treatment. en-us Mon, 30 May 2011 00:00:00 +0530 Wed, 05 Oct 2011 07:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206020 The Tribunal upheld the revenue authorities' decision to treat profits from share transactions as income from business rather than capital gains. Despite dealing in only one script, the high frequency of transactions indicated a trading intention, supported by short holding periods and lack of dividend income. The appellant failed to provide evidence to counter lower authorities' findings, leading to the dismissal of the appeals. The decision was based on transaction nature, intention, and insufficient evidence supporting capital gains treatment. Case-Laws Income Tax Mon, 30 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206020