https://www.taxtmi.com/caselaws?id=330363 The Court ruled in favor of the appellant, determining that the shares sold should be treated as capital gains, not business income. The decision was based on the appellant's history as an investor, lack of evidence of conversion of shares into stock-in-trade, and the nature of the loan availed. The Court emphasized the appellant's status as an investor, distinguishing her from a trader, and reversed the Tribunal's decision regarding the tax treatment of the shares sold in the Assessment Year 1993-1994. en-us Tue, 12 Jul 2016 00:00:00 +0530 Sat, 23 Jul 2016 20:25:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330363 The Court ruled in favor of the appellant, determining that the shares sold should be treated as capital gains, not business income. The decision was based on the appellant's history as an investor, lack of evidence of conversion of shares into stock-in-trade, and the nature of the loan availed. The Court emphasized the appellant's status as an investor, distinguishing her from a trader, and reversed the Tribunal's decision regarding the tax treatment of the shares sold in the Assessment Year 1993-1994. Case-Laws Income Tax Tue, 12 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330363