https://www.taxtmi.com/caselaws?id=249344 Profit from sale of shares was held to be assessable as capital gains because the shares were treated as investments, were held for substantial periods, and were transferred with actual delivery. Consistent acceptance of the same treatment in earlier assessment years on similar facts supported the investor character of the transactions, and no material change was shown to justify a different view. The profit was therefore rightly assessed as capital gains and not business income in favour of the assessee. en-us Fri, 13 Jun 2014 00:00:00 +0530 Mon, 23 Jun 2014 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249344 Profit from sale of shares was held to be assessable as capital gains because the shares were treated as investments, were held for substantial periods, and were transferred with actual delivery. Consistent acceptance of the same treatment in earlier assessment years on similar facts supported the investor character of the transactions, and no material change was shown to justify a different view. The profit was therefore rightly assessed as capital gains and not business income in favour of the assessee. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249344