https://www.taxtmi.com/caselaws?id=180358 The Tribunal held that the income from the sale of shares should be treated as capital gains, considering the assessee's intention and past treatment of shares as investments. Shares held for less than 30 days were categorized as business income, while those held longer were deemed short-term capital gains. The Tribunal dismissed the revenue's appeal, upholding the assessee's position and allowing the Cross Objection regarding the treatment of shares. en-us Wed, 27 Apr 2011 00:00:00 +0530 Tue, 22 Mar 2016 12:24:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180358 The Tribunal held that the income from the sale of shares should be treated as capital gains, considering the assessee's intention and past treatment of shares as investments. Shares held for less than 30 days were categorized as business income, while those held longer were deemed short-term capital gains. The Tribunal dismissed the revenue's appeal, upholding the assessee's position and allowing the Cross Objection regarding the treatment of shares. Case-Laws Income Tax Wed, 27 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180358