https://www.taxtmi.com/caselaws?id=338849 The Court upheld the decision of the CIT(A) and Tribunal for Assessment Years 2007-08 and 2008-09, treating income from the sale of shares/mutual funds as capital gains instead of business income. Factors such as the number of transactions, holding period, and consistent treatment in previous years supported this conclusion. The Court dismissed the Appeals, finding no substantial question of law, affirming the treatment of income as capital gains based on the evidence and legal principles. en-us Wed, 08 Feb 2017 00:00:00 +0530 Tue, 21 Feb 2017 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338849 The Court upheld the decision of the CIT(A) and Tribunal for Assessment Years 2007-08 and 2008-09, treating income from the sale of shares/mutual funds as capital gains instead of business income. Factors such as the number of transactions, holding period, and consistent treatment in previous years supported this conclusion. The Court dismissed the Appeals, finding no substantial question of law, affirming the treatment of income as capital gains based on the evidence and legal principles. Case-Laws Income Tax Wed, 08 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338849