https://www.taxtmi.com/caselaws?id=206557 Profit on sale of shares was correctly assessed as capital gains where the shares were acquired and held as investments, reflected consistently in the investment portfolio, and valued on cost basis. An assessee may maintain separate investment and trading portfolios, and the mere existence of a share dealing business does not convert all share sales into trading transactions. The revenue failed to dislodge the concurrent factual findings or show any perversity, so the treatment as capital gains was upheld. en-us Thu, 31 Mar 2011 00:00:00 +0530 Wed, 03 Jul 2013 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206557 Profit on sale of shares was correctly assessed as capital gains where the shares were acquired and held as investments, reflected consistently in the investment portfolio, and valued on cost basis. An assessee may maintain separate investment and trading portfolios, and the mere existence of a share dealing business does not convert all share sales into trading transactions. The revenue failed to dislodge the concurrent factual findings or show any perversity, so the treatment as capital gains was upheld. Case-Laws Income Tax Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206557