https://www.taxtmi.com/caselaws?id=178387 The Tribunal upheld the Ld. CIT(A)'s decision regarding the taxability of income under Short Term Capital Gain (STCG) as opposed to business income for the assessment year 2008-09. The Tribunal found that the assessee's transaction details and ability to maintain separate investment and business portfolios supported an investor profile, distinguishing between shares traded and invested based on previous activities and holding periods. Citing relevant case law, the Tribunal dismissed the Revenue's appeal, affirming the assessee's position and concluding that the profit should be treated as STCG. en-us Fri, 07 Jun 2013 00:00:00 +0530 Wed, 03 Feb 2016 17:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178387 The Tribunal upheld the Ld. CIT(A)'s decision regarding the taxability of income under Short Term Capital Gain (STCG) as opposed to business income for the assessment year 2008-09. The Tribunal found that the assessee's transaction details and ability to maintain separate investment and business portfolios supported an investor profile, distinguishing between shares traded and invested based on previous activities and holding periods. Citing relevant case law, the Tribunal dismissed the Revenue's appeal, affirming the assessee's position and concluding that the profit should be treated as STCG. Case-Laws Income Tax Fri, 07 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178387