https://www.taxtmi.com/caselaws?id=171932 The Appellate Tribunal affirmed the decision in favor of the assessee, determining that the income from the sale of shares should be assessed as 'capital gains' and not as 'business income' for the assessment year 2006-07. The Tribunal agreed with the Commissioner's findings that the assessee's activities aligned with an investor rather than a trader, considering factors such as the nature of transactions, holding period of shares, absence of derivative transactions, and lack of borrowed funds for investments. The Revenue's appeal was dismissed, upholding the Commissioner of Income Tax (Appeals) order. en-us Thu, 07 Feb 2013 00:00:00 +0530 Tue, 11 Aug 2015 07:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171932 The Appellate Tribunal affirmed the decision in favor of the assessee, determining that the income from the sale of shares should be assessed as 'capital gains' and not as 'business income' for the assessment year 2006-07. The Tribunal agreed with the Commissioner's findings that the assessee's activities aligned with an investor rather than a trader, considering factors such as the nature of transactions, holding period of shares, absence of derivative transactions, and lack of borrowed funds for investments. The Revenue's appeal was dismissed, upholding the Commissioner of Income Tax (Appeals) order. Case-Laws Income Tax Thu, 07 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171932