https://www.taxtmi.com/caselaws?id=7578 The court determined that a transaction involving the purchase and sale of shares by the assessee, the wife of a company director, constituted an adventure in the nature of trade rather than capital gain. Factors such as commercial motive, short ownership period, significant profit, and anticipation of demand for shares influenced the decision. The court upheld the Tribunal's classification of the profit as business income, emphasizing the commercial nature of the transaction and ordering costs to be paid by the assessee. en-us Thu, 13 Feb 1969 00:00:00 +0530 Mon, 02 Mar 2009 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7578 The court determined that a transaction involving the purchase and sale of shares by the assessee, the wife of a company director, constituted an adventure in the nature of trade rather than capital gain. Factors such as commercial motive, short ownership period, significant profit, and anticipation of demand for shares influenced the decision. The court upheld the Tribunal's classification of the profit as business income, emphasizing the commercial nature of the transaction and ordering costs to be paid by the assessee. Case-Laws Income Tax Thu, 13 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7578