https://www.taxtmi.com/article/detailed?id=1344 An assessee may maintain two separate share portfolios-investment and business-and delivery-based transactions recorded as investments should be taxed as capital gains; the Tribunal's factual finding of two distinct transaction types was upheld, with uniformity and consistency in treatment required where facts are identical, and books of account treated as important but not conclusive evidence of intention. The Supreme Court dismissed the Revenue's petition, leaving this principle final. en-us Tue, 05 Jul 2011 08:40:19 +0530 Thu, 07 Jul 2011 10:22:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1344 An assessee may maintain two separate share portfolios-investment and business-and delivery-based transactions recorded as investments should be taxed as capital gains; the Tribunal's factual finding of two distinct transaction types was upheld, with uniformity and consistency in treatment required where facts are identical, and books of account treated as important but not conclusive evidence of intention. The Supreme Court dismissed the Revenue's petition, leaving this principle final. Articles Income Tax Tue, 05 Jul 2011 08:40:19 +0530 https://www.taxtmi.com/article/detailed?id=1344