https://www.taxtmi.com/caselaws?id=177474 The Tribunal determined that the assessee should be classified as an investor in shares, resulting in the income from share transactions being categorized as capital gains. Bonus shares were valued accordingly, and Futures and Options (F&O) losses were upheld as speculative losses. The assessee's appeal for the assessment year 2005-06 was partly allowed, while the Department's appeal for the assessment year 2006-07 was dismissed. en-us Wed, 18 May 2011 00:00:00 +0530 Mon, 21 Aug 2023 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177474 The Tribunal determined that the assessee should be classified as an investor in shares, resulting in the income from share transactions being categorized as capital gains. Bonus shares were valued accordingly, and Futures and Options (F&O) losses were upheld as speculative losses. The assessee's appeal for the assessment year 2005-06 was partly allowed, while the Department's appeal for the assessment year 2006-07 was dismissed. Case-Laws Income Tax Wed, 18 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177474