https://www.taxtmi.com/caselaws?id=259882 Classification of share and securities transactions as capital gains or business income depends on a cumulative assessment of intention at purchase, book treatment, use of borrowed funds, frequency and volume of dealings, holding period, delivery-based settlement, broker account conduct, and whether investment and trading portfolios are both maintained. A selective review of only some indicators was insufficient where the record also reflected substantial recurring transactions, debit and credit balances, interest expenditure, a large number of scrips, and portfolio-scheme gains not separately examined. The matter required independent year-wise scrutiny of all relevant facts and was sent back for fresh adjudication by the first appellate authority. en-us Tue, 13 Jan 2015 00:00:00 +0530 Mon, 25 May 2015 08:15:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259882 Classification of share and securities transactions as capital gains or business income depends on a cumulative assessment of intention at purchase, book treatment, use of borrowed funds, frequency and volume of dealings, holding period, delivery-based settlement, broker account conduct, and whether investment and trading portfolios are both maintained. A selective review of only some indicators was insufficient where the record also reflected substantial recurring transactions, debit and credit balances, interest expenditure, a large number of scrips, and portfolio-scheme gains not separately examined. The matter required independent year-wise scrutiny of all relevant facts and was sent back for fresh adjudication by the first appellate authority. Case-Laws Income Tax Tue, 13 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259882