https://www.taxtmi.com/caselaws?id=335844 The tribunal directed the Assessing Officer to classify the income from share transactions as short-term capital gains instead of business income. Emphasizing consistency in treatment, intention behind share purchase, and minimal impact of borrowed funds, the tribunal highlighted that frequency and volume of transactions alone do not indicate trading activity. The decision favored the assessee, stressing the importance of various factors in determining the nature of income from share sales. The appeal was allowed, and the order was issued on 05/12/2016. en-us Mon, 05 Dec 2016 00:00:00 +0530 Sat, 10 Dec 2016 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335844 The tribunal directed the Assessing Officer to classify the income from share transactions as short-term capital gains instead of business income. Emphasizing consistency in treatment, intention behind share purchase, and minimal impact of borrowed funds, the tribunal highlighted that frequency and volume of transactions alone do not indicate trading activity. The decision favored the assessee, stressing the importance of various factors in determining the nature of income from share sales. The appeal was allowed, and the order was issued on 05/12/2016. Case-Laws Income Tax Mon, 05 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335844