https://www.taxtmi.com/caselaws?id=235006 The Tribunal upheld the decision that gains from the sale of shares should be classified as business income, not capital gains. The Tribunal considered the frequency, volume, and nature of transactions, indicating a trading motive. The principle of res judicata was found inapplicable, with each assessment year treated separately. The taxpayer's behavior, including continuous buying and selling of shares, aligned with trading activities rather than investment. The appeal was dismissed, affirming the classification of income as business income. en-us Tue, 30 Apr 2013 00:00:00 +0530 Mon, 08 Jul 2013 08:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235006 The Tribunal upheld the decision that gains from the sale of shares should be classified as business income, not capital gains. The Tribunal considered the frequency, volume, and nature of transactions, indicating a trading motive. The principle of res judicata was found inapplicable, with each assessment year treated separately. The taxpayer's behavior, including continuous buying and selling of shares, aligned with trading activities rather than investment. The appeal was dismissed, affirming the classification of income as business income. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235006