https://www.taxtmi.com/caselaws?id=174895 The Tribunal held that the shares in question were not held as investments but for trading purposes. It was observed that the assessees sold shares shortly after purchase, even before some were bought, indicating a trading activity. The intention to sell shares immediately upon purchase suggested a trading nature rather than investment. As a result, the Tribunal upheld the lower authorities' decisions, dismissing the appeals and rejecting the assessees' claims regarding the classification of income from share transactions for the assessment years 2005-06 and 2006-07. en-us Fri, 15 Oct 2010 00:00:00 +0530 Tue, 27 Oct 2015 17:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174895 The Tribunal held that the shares in question were not held as investments but for trading purposes. It was observed that the assessees sold shares shortly after purchase, even before some were bought, indicating a trading activity. The intention to sell shares immediately upon purchase suggested a trading nature rather than investment. As a result, the Tribunal upheld the lower authorities' decisions, dismissing the appeals and rejecting the assessees' claims regarding the classification of income from share transactions for the assessment years 2005-06 and 2006-07. Case-Laws Income Tax Fri, 15 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174895