https://www.taxtmi.com/caselaws?id=339401 The Tribunal upheld the Commissioner of Income Tax's decision to classify the gain from share transactions as 'income from capital gains' rather than 'income from business.' The Tribunal considered factors such as the historical treatment of gains, holding periods of shares, and proportion of short-term gains. It concluded that the assessee acted as an investor, not a trader, based on consistency in treatment and limited share activity. The Revenue's appeal was dismissed, affirming the assessment of the gain as 'income from capital gains.' en-us Wed, 15 Feb 2017 00:00:00 +0530 Mon, 27 Feb 2017 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339401 The Tribunal upheld the Commissioner of Income Tax's decision to classify the gain from share transactions as 'income from capital gains' rather than 'income from business.' The Tribunal considered factors such as the historical treatment of gains, holding periods of shares, and proportion of short-term gains. It concluded that the assessee acted as an investor, not a trader, based on consistency in treatment and limited share activity. The Revenue's appeal was dismissed, affirming the assessment of the gain as 'income from capital gains.' Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339401