https://www.taxtmi.com/caselaws?id=177380 Gain on sale of shares is classified by reference to the factual matrix, especially the purchaser's intention at acquisition, the period of holding, and the volume and frequency of transactions. Where the assessee acquired and retained shares as investments, and the transaction pattern did not show trading activity, the correct treatment is capital gains rather than business income. Concurrent factual findings that the assessee was an investor, not a trader, were upheld, and no substantial question of law arose on those facts. en-us Mon, 01 Oct 2012 00:00:00 +0530 Wed, 24 Jan 2018 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177380 Gain on sale of shares is classified by reference to the factual matrix, especially the purchaser's intention at acquisition, the period of holding, and the volume and frequency of transactions. Where the assessee acquired and retained shares as investments, and the transaction pattern did not show trading activity, the correct treatment is capital gains rather than business income. Concurrent factual findings that the assessee was an investor, not a trader, were upheld, and no substantial question of law arose on those facts. Case-Laws Income Tax Mon, 01 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177380