https://www.taxtmi.com/caselaws?id=325681 The Tribunal allowed the appeal, directing the Assessing Officer to tax the profit from the sale of shares as short-term capital gains. The decision was based on the investment motive behind the share transactions, considering the limited nature of transactions and income sources. The Tribunal emphasized the intention of the assessee in purchasing the shares, concluding that they were held as investments rather than for business purposes. en-us Wed, 10 Feb 2016 00:00:00 +0530 Sat, 26 Mar 2016 09:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325681 The Tribunal allowed the appeal, directing the Assessing Officer to tax the profit from the sale of shares as short-term capital gains. The decision was based on the investment motive behind the share transactions, considering the limited nature of transactions and income sources. The Tribunal emphasized the intention of the assessee in purchasing the shares, concluding that they were held as investments rather than for business purposes. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325681