https://www.taxtmi.com/caselaws?id=216391 The court upheld the orders of the CIT (Appeals) and the Income Tax Appellate Tribunal, confirming that the profits from the sale of shares should be assessed as capital gains and not business income. The court dismissed the appeal, holding that the substantial questions of law were against the revenue and that the assessee's activities for the assessment year 1999-2000 did not constitute a business in trading shares. en-us Thu, 23 Aug 2012 00:00:00 +0530 Sun, 09 Sep 2012 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216391 The court upheld the orders of the CIT (Appeals) and the Income Tax Appellate Tribunal, confirming that the profits from the sale of shares should be assessed as capital gains and not business income. The court dismissed the appeal, holding that the substantial questions of law were against the revenue and that the assessee's activities for the assessment year 1999-2000 did not constitute a business in trading shares. Case-Laws Income Tax Thu, 23 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216391