https://www.taxtmi.com/caselaws?id=207594 The Tribunal held that both the long-term and short-term capital gains should be treated as investments, overturning the CIT(A)'s decision to classify the short-term gains as business income. The Tribunal considered various factors, including the assessee's treatment of transactions in the books and the absence of borrowed funds, leading to the conclusion that the activities were investment-oriented. As a result, the assessee's appeal was allowed, and the revenue's appeal was dismissed. en-us Fri, 02 Dec 2011 00:00:00 +0530 Mon, 19 Dec 2011 07:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207594 The Tribunal held that both the long-term and short-term capital gains should be treated as investments, overturning the CIT(A)'s decision to classify the short-term gains as business income. The Tribunal considered various factors, including the assessee's treatment of transactions in the books and the absence of borrowed funds, leading to the conclusion that the activities were investment-oriented. As a result, the assessee's appeal was allowed, and the revenue's appeal was dismissed. Case-Laws Income Tax Fri, 02 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207594