https://www.taxtmi.com/caselaws?id=270813 The tribunal upheld the assessment of profit on share sales as business income, considering the appellant's share trading activities, financial structure, and reliance on borrowed funds for share purchases. The tribunal partially allowed the appeals for statistical purposes, confirming the profit assessment and rejecting the valuation claim for closing stock, in line with regular accounting methods. en-us Wed, 28 Oct 2015 00:00:00 +0530 Fri, 15 Jan 2016 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270813 The tribunal upheld the assessment of profit on share sales as business income, considering the appellant's share trading activities, financial structure, and reliance on borrowed funds for share purchases. The tribunal partially allowed the appeals for statistical purposes, confirming the profit assessment and rejecting the valuation claim for closing stock, in line with regular accounting methods. Case-Laws Income Tax Wed, 28 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270813