https://www.taxtmi.com/caselaws?id=184876 Profit from share transactions must be classified by examining the cumulative effect of relevant factors, including the assessee's intention at purchase, treatment in the accounts, frequency and magnitude of transactions, holding period, and whether a separate investment portfolio was maintained. Although the shares were shown as investments in the books and that treatment had been accepted earlier, the short holding periods and repeated transactions pointed to trading features. As the material needed to apply the holding-period and transaction-frequency criteria was incomplete, the matter required re-examination by the Assessing Officer and income was to be recomputed on that basis. en-us Fri, 13 May 2011 00:00:00 +0530 Sat, 23 Jul 2016 10:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184876 Profit from share transactions must be classified by examining the cumulative effect of relevant factors, including the assessee's intention at purchase, treatment in the accounts, frequency and magnitude of transactions, holding period, and whether a separate investment portfolio was maintained. Although the shares were shown as investments in the books and that treatment had been accepted earlier, the short holding periods and repeated transactions pointed to trading features. As the material needed to apply the holding-period and transaction-frequency criteria was incomplete, the matter required re-examination by the Assessing Officer and income was to be recomputed on that basis. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184876