https://www.taxtmi.com/caselaws?id=253794 The Tribunal concluded that the assessee's transactions were investments and not trades. Therefore, the income from the sale of shares should be assessed under the head 'capital gains' and not as business income. The appeals filed by the assessees were allowed, and the AO was directed to treat the impugned income from the sale of shares as assessable under the head 'capital gains'. en-us Thu, 31 Jul 2014 00:00:00 +0530 Thu, 04 Dec 2014 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253794 The Tribunal concluded that the assessee's transactions were investments and not trades. Therefore, the income from the sale of shares should be assessed under the head 'capital gains' and not as business income. The appeals filed by the assessees were allowed, and the AO was directed to treat the impugned income from the sale of shares as assessable under the head 'capital gains'. Case-Laws Income Tax Thu, 31 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253794