https://www.taxtmi.com/caselaws?id=242960 The Tribunal classified income from the sale and purchase of shares as short-term capital gain, not business income. This decision was based on consistency in tax treatment across assessment years, the nature of transactions, and insufficient evidence of borrowed funds being used for share investments. The Tribunal directed the amount of Rs. 5,85,40,417/- to be assessed as short-term capital gain, upholding uniformity in treatment. The assessee's appeal was allowed. en-us Fri, 08 Nov 2013 00:00:00 +0530 Fri, 24 Jan 2014 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242960 The Tribunal classified income from the sale and purchase of shares as short-term capital gain, not business income. This decision was based on consistency in tax treatment across assessment years, the nature of transactions, and insufficient evidence of borrowed funds being used for share investments. The Tribunal directed the amount of Rs. 5,85,40,417/- to be assessed as short-term capital gain, upholding uniformity in treatment. The assessee's appeal was allowed. Case-Laws Income Tax Fri, 08 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242960