https://www.taxtmi.com/caselaws?id=326623 The Tribunal ruled that Short Term Capital Gains (STCG) should be taxed as capital gains, not business income, as the assessee's activities were those of an investor, not a trader. The gains from Portfolio Management Schemes (PMS) were also classified as capital gains, not business income, due to the investment intent. The Tribunal set aside the lower court orders and allowed the appeal filed by the assessee. en-us Fri, 15 Apr 2016 00:00:00 +0530 Thu, 21 Apr 2016 10:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326623 The Tribunal ruled that Short Term Capital Gains (STCG) should be taxed as capital gains, not business income, as the assessee's activities were those of an investor, not a trader. The gains from Portfolio Management Schemes (PMS) were also classified as capital gains, not business income, due to the investment intent. The Tribunal set aside the lower court orders and allowed the appeal filed by the assessee. Case-Laws Income Tax Fri, 15 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326623