https://www.taxtmi.com/caselaws?id=178749 The tribunal allowed the appeal, granting relief to the appellant on the treatment of mutual funds as investment activity and accepting the characterization of short term capital gains on shares as capital gains, not business income. The decision was based on the intention of the appellant in conducting the transactions and the absence of substantial evidence to support a trading nature. en-us Wed, 15 Jan 2014 00:00:00 +0530 Fri, 12 Feb 2016 10:05:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178749 The tribunal allowed the appeal, granting relief to the appellant on the treatment of mutual funds as investment activity and accepting the characterization of short term capital gains on shares as capital gains, not business income. The decision was based on the intention of the appellant in conducting the transactions and the absence of substantial evidence to support a trading nature. Case-Laws Income Tax Wed, 15 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178749