https://www.taxtmi.com/caselaws?id=247003 The court ruled in favor of the assessee, determining that the income from share transactions, including the sale of Unitech shares, constituted short term capital gains and not business income. The decision emphasized the assessee's history as an investor, the source of funds for share purchases, and the absence of a dedicated setup for share trading. The court highlighted established legal principles to distinguish between capital gains and business income, ultimately dismissing the revenue's appeal and affirming the ITAT's decision. en-us Tue, 01 Apr 2014 00:00:00 +0530 Tue, 29 Apr 2014 06:47:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247003 The court ruled in favor of the assessee, determining that the income from share transactions, including the sale of Unitech shares, constituted short term capital gains and not business income. The decision emphasized the assessee's history as an investor, the source of funds for share purchases, and the absence of a dedicated setup for share trading. The court highlighted established legal principles to distinguish between capital gains and business income, ultimately dismissing the revenue's appeal and affirming the ITAT's decision. Case-Laws Income Tax Tue, 01 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247003