https://www.taxtmi.com/caselaws?id=338211 The High Court upheld the decision of the Tribunal and CIT(A), ruling in favor of the respondent. The income was classified as short-term capital gains, not business income, based on the assessee's intention to hold shares as investments, supported by factors like holding period and treatment in previous years. The Court found no substantial question for further consideration and dismissed the Revenue's appeal without costs. en-us Mon, 16 Jan 2017 00:00:00 +0530 Sat, 28 Jan 2017 09:31:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338211 The High Court upheld the decision of the Tribunal and CIT(A), ruling in favor of the respondent. The income was classified as short-term capital gains, not business income, based on the assessee's intention to hold shares as investments, supported by factors like holding period and treatment in previous years. The Court found no substantial question for further consideration and dismissed the Revenue's appeal without costs. Case-Laws Income Tax Mon, 16 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338211