https://www.taxtmi.com/caselaws?id=186636 The Tribunal allowed the appeal of the assessee, setting aside the CIT(A)'s order that treated short term capital gain as business income due to the distinct portfolio, substantial long term capital gains, and consistent long-term investment pattern observed. The Tribunal considered the limited number of short term transactions and the majority of income derived from long term capital gains and dividend income, concluding that the assessee's activities aligned more with long-term investment intentions rather than trading motives. en-us Fri, 25 Feb 2011 00:00:00 +0530 Sat, 24 Sep 2016 13:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186636 The Tribunal allowed the appeal of the assessee, setting aside the CIT(A)'s order that treated short term capital gain as business income due to the distinct portfolio, substantial long term capital gains, and consistent long-term investment pattern observed. The Tribunal considered the limited number of short term transactions and the majority of income derived from long term capital gains and dividend income, concluding that the assessee's activities aligned more with long-term investment intentions rather than trading motives. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186636