https://www.taxtmi.com/caselaws?id=179278 The Income Tax Appellate Tribunal affirmed that the income generated from the sale of shares should be treated as long term capital gain, not business income. The Tribunal considered factors such as the assessee's main income sources, the nature of the securities transactions, the intention of long term investment, and the absence of substantial trading activity. As a result, the appeal was dismissed as no question of law was found to arise. en-us Thu, 09 Dec 2010 00:00:00 +0530 Thu, 25 Feb 2016 11:42:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179278 The Income Tax Appellate Tribunal affirmed that the income generated from the sale of shares should be treated as long term capital gain, not business income. The Tribunal considered factors such as the assessee's main income sources, the nature of the securities transactions, the intention of long term investment, and the absence of substantial trading activity. As a result, the appeal was dismissed as no question of law was found to arise. Case-Laws Income Tax Thu, 09 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179278