https://www.taxtmi.com/caselaws?id=261325 The Tribunal upheld the CIT(A)'s decision to treat short-term capital gain as business income for the assessee. Despite the argument of maintaining separate portfolios for investment and trading, the Tribunal found that the high volume and frequency of transactions, short holding periods, and use of borrowed funds indicated a trading motive rather than investment intent. The Tribunal concluded that the assessee was actively engaged in trading shares and derivatives for profit, dismissing the appeal and affirming the treatment of the gain as business income. en-us Fri, 02 Jan 2015 00:00:00 +0530 Thu, 09 Jul 2015 07:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261325 The Tribunal upheld the CIT(A)'s decision to treat short-term capital gain as business income for the assessee. Despite the argument of maintaining separate portfolios for investment and trading, the Tribunal found that the high volume and frequency of transactions, short holding periods, and use of borrowed funds indicated a trading motive rather than investment intent. The Tribunal concluded that the assessee was actively engaged in trading shares and derivatives for profit, dismissing the appeal and affirming the treatment of the gain as business income. Case-Laws Income Tax Fri, 02 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261325