https://www.taxtmi.com/caselaws?id=215350 The tribunal dismissed the revenue's appeal, determining that the long-term capital gain should not be treated as business income. The tribunal considered the extended holding period of shares, emphasizing investment intent over business motive, supported by the history of investing for dividends since 1960 and consistent declaration of dividend income. The decision underscored the importance of share holding duration in classifying income for taxation, aligning with the principles outlined in the judgment cited by the Ld. A.R. en-us Fri, 06 Jul 2012 00:00:00 +0530 Tue, 31 Jul 2012 18:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215350 The tribunal dismissed the revenue's appeal, determining that the long-term capital gain should not be treated as business income. The tribunal considered the extended holding period of shares, emphasizing investment intent over business motive, supported by the history of investing for dividends since 1960 and consistent declaration of dividend income. The decision underscored the importance of share holding duration in classifying income for taxation, aligning with the principles outlined in the judgment cited by the Ld. A.R. Case-Laws Income Tax Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215350