https://www.taxtmi.com/caselaws?id=250323 The court classified income from the sale of shares as "business income" rather than "Short Term Capital Gain" (STCG). The Assessee's share transactions were deemed to resemble business activities due to the frequency of transactions, profit motive, and conduct, leading to the dismissal of the appeal and affirmation of the income classification as "business income." en-us Fri, 25 Jul 2014 00:00:00 +0530 Sat, 09 Aug 2014 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250323 The court classified income from the sale of shares as "business income" rather than "Short Term Capital Gain" (STCG). The Assessee's share transactions were deemed to resemble business activities due to the frequency of transactions, profit motive, and conduct, leading to the dismissal of the appeal and affirmation of the income classification as "business income." Case-Laws Income Tax Fri, 25 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250323