https://www.taxtmi.com/caselaws?id=242653 The Appellate Tribunal ruled in favor of the appellant, determining that the income from the sale of shares should not be categorized as business income. The Tribunal considered various factors, including the appellant's conduct, lack of borrowed funds, and treatment of similar transactions in previous and subsequent years as capital gains. It concluded that the appellant was an investor, not a trader, and therefore, the income from the sale of shares should not be treated as business income. The appeal filed by the appellant was allowed. en-us Wed, 26 Jun 2013 00:00:00 +0530 Sun, 19 Jan 2014 09:45:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242653 The Appellate Tribunal ruled in favor of the appellant, determining that the income from the sale of shares should not be categorized as business income. The Tribunal considered various factors, including the appellant's conduct, lack of borrowed funds, and treatment of similar transactions in previous and subsequent years as capital gains. It concluded that the appellant was an investor, not a trader, and therefore, the income from the sale of shares should not be treated as business income. The appeal filed by the appellant was allowed. Case-Laws Income Tax Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242653