https://www.taxtmi.com/caselaws?id=267103 The High Court upheld the Income Tax Appellate Tribunal's decision that the respondent's short term capital gains should be classified as such and not as business income for the assessment year in question. The Tribunal's ruling was based on the respondent's distinct trading and investment portfolios, lack of investments from borrowed funds, and consistent treatment of short term capital loss in the previous year. The Court found no grounds to challenge the Tribunal's factual findings and dismissed the appeal, affirming the decision without costs. en-us Mon, 19 Oct 2015 00:00:00 +0530 Thu, 29 Oct 2015 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267103 The High Court upheld the Income Tax Appellate Tribunal's decision that the respondent's short term capital gains should be classified as such and not as business income for the assessment year in question. The Tribunal's ruling was based on the respondent's distinct trading and investment portfolios, lack of investments from borrowed funds, and consistent treatment of short term capital loss in the previous year. The Court found no grounds to challenge the Tribunal's factual findings and dismissed the appeal, affirming the decision without costs. Case-Laws Income Tax Mon, 19 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267103