https://www.taxtmi.com/caselaws?id=331619 The court determined that the assessee's transactions in shares were investments, not trading activities. The income from the sale of shares was classified as capital gains, aligning with established tests and the CBDT Circular. The court ruled in favor of the appellant, setting aside the Tribunal's decision and restoring the CIT(A)'s classification of the income as capital gains. en-us Wed, 08 Jun 2016 00:00:00 +0530 Mon, 13 Nov 2017 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331619 The court determined that the assessee's transactions in shares were investments, not trading activities. The income from the sale of shares was classified as capital gains, aligning with established tests and the CBDT Circular. The court ruled in favor of the appellant, setting aside the Tribunal's decision and restoring the CIT(A)'s classification of the income as capital gains. Case-Laws Income Tax Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331619