https://www.taxtmi.com/caselaws?id=182376 The High Court dismissed the case as it found no question of law arising. The court upheld the decision by the CIT(A) and ITAT regarding the nature of income from the sale of shares. The shares were held for a long time, treated as investments, and the profit/loss was rightly taxed as capital gains, not business income. The assessee's intention was long-term investment for income from dividends and capital appreciation, not for trading as a business. en-us Wed, 02 Dec 2009 00:00:00 +0530 Mon, 09 May 2016 10:29:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182376 The High Court dismissed the case as it found no question of law arising. The court upheld the decision by the CIT(A) and ITAT regarding the nature of income from the sale of shares. The shares were held for a long time, treated as investments, and the profit/loss was rightly taxed as capital gains, not business income. The assessee's intention was long-term investment for income from dividends and capital appreciation, not for trading as a business. Case-Laws Income Tax Wed, 02 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182376