https://www.taxtmi.com/caselaws?id=239026 The tribunal determined that the income of Rs. 25,40,974/- from share transactions through ICICI Online should be classified as business income, overturning the earlier decision treating it as short-term capital gains. The tribunal emphasized the volume and frequency of transactions, the taxpayer's conduct, and the overall nature of the transactions as indicative of a business activity rather than investment. The Revenue's appeal was allowed, and the tribunal directed the Assessing Officer to assess the taxpayer accordingly. en-us Fri, 08 Mar 2013 00:00:00 +0530 Sun, 03 Nov 2013 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239026 The tribunal determined that the income of Rs. 25,40,974/- from share transactions through ICICI Online should be classified as business income, overturning the earlier decision treating it as short-term capital gains. The tribunal emphasized the volume and frequency of transactions, the taxpayer's conduct, and the overall nature of the transactions as indicative of a business activity rather than investment. The Revenue's appeal was allowed, and the tribunal directed the Assessing Officer to assess the taxpayer accordingly. Case-Laws Income Tax Fri, 08 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239026