https://www.taxtmi.com/caselaws?id=241749 The Tribunal upheld the decision of the Assessing Officer and CIT(A), treating the short term capital gain as business income due to the appellant's trading behavior, quick transactions, and lack of intention for enduring profit. The transactions were deemed speculative for quick profits, leading to the dismissal of the appeal and directing the income to be treated as business income rather than capital gains. en-us Fri, 27 Dec 2013 00:00:00 +0530 Tue, 31 Dec 2013 10:12:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241749 The Tribunal upheld the decision of the Assessing Officer and CIT(A), treating the short term capital gain as business income due to the appellant's trading behavior, quick transactions, and lack of intention for enduring profit. The transactions were deemed speculative for quick profits, leading to the dismissal of the appeal and directing the income to be treated as business income rather than capital gains. Case-Laws Income Tax Fri, 27 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241749