https://www.taxtmi.com/caselaws?id=266780 The Tribunal allowed the appeal, determining that the shares held in the investment portfolio should be treated as investments, not stock-in-trade. As a result, the short-term capital gains were considered as investments, emphasizing that the volume of transactions alone is not determinative, but rather the overall circumstances and intention of the assessee. The Tribunal set aside the lower authorities' orders, concluding that the transactions were indeed investments, not trading activities. en-us Wed, 16 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 21:43:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266780 The Tribunal allowed the appeal, determining that the shares held in the investment portfolio should be treated as investments, not stock-in-trade. As a result, the short-term capital gains were considered as investments, emphasizing that the volume of transactions alone is not determinative, but rather the overall circumstances and intention of the assessee. The Tribunal set aside the lower authorities' orders, concluding that the transactions were indeed investments, not trading activities. Case-Laws Income Tax Wed, 16 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266780