https://www.taxtmi.com/caselaws?id=242269 The High Court upheld the Tribunal's decision categorizing the sale of shares as capital gains rather than profit from business for the assessee. The Court emphasized the investment nature of the activity, lack of trading motives, and consistency in treatment based on past acceptance and legal precedents. The appeal by the revenue was dismissed, affirming the tax treatment of the shares as capital gains. en-us Mon, 07 Oct 2013 00:00:00 +0530 Sat, 11 Jan 2014 05:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242269 The High Court upheld the Tribunal's decision categorizing the sale of shares as capital gains rather than profit from business for the assessee. The Court emphasized the investment nature of the activity, lack of trading motives, and consistency in treatment based on past acceptance and legal precedents. The appeal by the revenue was dismissed, affirming the tax treatment of the shares as capital gains. Case-Laws Income Tax Mon, 07 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242269