https://www.taxtmi.com/caselaws?id=181548 Profit from purchase and sale of shares is to be classified on the totality of circumstances, with the assessee's intention at acquisition, treatment in the books, source of funds, holding pattern, dividend income and overall conduct being decisive. Mere volume or frequency of transactions is not conclusive. On the stated facts, the shares were held as investments and not as stock in trade, so the gain was assessable as short-term capital gains and not business income. en-us Fri, 30 Apr 2010 00:00:00 +0530 Tue, 19 Apr 2016 17:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181548 Profit from purchase and sale of shares is to be classified on the totality of circumstances, with the assessee's intention at acquisition, treatment in the books, source of funds, holding pattern, dividend income and overall conduct being decisive. Mere volume or frequency of transactions is not conclusive. On the stated facts, the shares were held as investments and not as stock in trade, so the gain was assessable as short-term capital gains and not business income. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181548