https://www.taxtmi.com/caselaws?id=215859 Tax treatment of share-sale receipts depends on the true character of the holding at acquisition and the surrounding conduct. Where shares are bought as investments, consistently reflected as assets, and not treated as stock-in-trade, later sale normally results in capital gains rather than business income; the volume of sales alone is not decisive. The discounted interest on IDBI bonds was treated as assessable in the manner indicated by earlier binding decisions, with the point not disputed on merits. en-us Tue, 02 Aug 2011 00:00:00 +0530 Wed, 22 Aug 2012 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215859 Tax treatment of share-sale receipts depends on the true character of the holding at acquisition and the surrounding conduct. Where shares are bought as investments, consistently reflected as assets, and not treated as stock-in-trade, later sale normally results in capital gains rather than business income; the volume of sales alone is not decisive. The discounted interest on IDBI bonds was treated as assessable in the manner indicated by earlier binding decisions, with the point not disputed on merits. Case-Laws Income Tax Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215859