https://www.taxtmi.com/caselaws?id=327355 The High Court upheld the Tribunal's decision in favor of the respondent, confirming that the short-term capital gain should be treated as investment income, not business income. The Court emphasized the consistent treatment of shares as investments, the holding period exceeding 30 days, and the lack of commercial intent in holding shares for appreciation. Referring to various High Court judgments, the Court found no substantial legal question warranting consideration and dismissed the appeals without costs. en-us Tue, 02 Feb 2016 00:00:00 +0530 Mon, 09 May 2016 00:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327355 The High Court upheld the Tribunal's decision in favor of the respondent, confirming that the short-term capital gain should be treated as investment income, not business income. The Court emphasized the consistent treatment of shares as investments, the holding period exceeding 30 days, and the lack of commercial intent in holding shares for appreciation. Referring to various High Court judgments, the Court found no substantial legal question warranting consideration and dismissed the appeals without costs. Case-Laws Income Tax Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327355