https://www.taxtmi.com/caselaws?id=251071 The Court dismissed the appeal by the Revenue, affirming the Tribunal's decision not to classify short term capital gains on the sale of shares as income from business. The judgment highlighted the significance of maintaining separate portfolios for investments and trading activities, emphasizing the factual circumstances and turnover ratios as supporting factors for distinguishing income from short term capital gains from business income. en-us Tue, 26 Aug 2014 00:00:00 +0530 Wed, 03 Sep 2014 10:18:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251071 The Court dismissed the appeal by the Revenue, affirming the Tribunal's decision not to classify short term capital gains on the sale of shares as income from business. The judgment highlighted the significance of maintaining separate portfolios for investments and trading activities, emphasizing the factual circumstances and turnover ratios as supporting factors for distinguishing income from short term capital gains from business income. Case-Laws Income Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251071