https://www.taxtmi.com/caselaws?id=185750 The Court ruled in favor of the assessee, determining that the profit from the sale of shares should be treated as long-term capital gain rather than business income. The Court emphasized that the funds used for purchasing the shares were from the business, leading to the classification of the profit as capital gain. Citing previous judgments and the settled nature of the issue, the Court dismissed the appeal, finding no merit in the Revenue's argument. en-us Wed, 02 Jan 2013 00:00:00 +0530 Fri, 26 Aug 2016 16:35:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185750 The Court ruled in favor of the assessee, determining that the profit from the sale of shares should be treated as long-term capital gain rather than business income. The Court emphasized that the funds used for purchasing the shares were from the business, leading to the classification of the profit as capital gain. Citing previous judgments and the settled nature of the issue, the Court dismissed the appeal, finding no merit in the Revenue's argument. Case-Laws Income Tax Wed, 02 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185750