https://www.taxtmi.com/caselaws?id=331991 The High Court classified the assessee as an investor rather than a dealer in shares, emphasizing the treatment of shares in the books of accounts and previous acceptance as an investor. The Court determined that the income from the sale of shares should be considered as capital gains, not business income, based on factors such as the source of funds and intention behind the transactions. The Court referred to relevant case law and a CBDT Circular in reaching this decision, overturning the ITAT's ruling and allowing the appeal in favor of the assessee. en-us Mon, 11 Jul 2016 00:00:00 +0530 Wed, 07 Sep 2016 11:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331991 The High Court classified the assessee as an investor rather than a dealer in shares, emphasizing the treatment of shares in the books of accounts and previous acceptance as an investor. The Court determined that the income from the sale of shares should be considered as capital gains, not business income, based on factors such as the source of funds and intention behind the transactions. The Court referred to relevant case law and a CBDT Circular in reaching this decision, overturning the ITAT's ruling and allowing the appeal in favor of the assessee. Case-Laws Income Tax Mon, 11 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331991