https://www.taxtmi.com/caselaws?id=343804 The Tribunal upheld the CIT(A)'s decision to treat profits from share transactions as business income instead of short term capital gains. Emphasizing the profit motive, volume, frequency, and regularity of transactions, the Tribunal concluded that the activities indicated a business motive. The judgment highlighted the finality of the order under section 263 and classified the income as 'Profits and gains of business or profession,' dismissing the appellant's argument for capital gains treatment. en-us Mon, 29 May 2017 00:00:00 +0530 Fri, 02 Jun 2017 06:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343804 The Tribunal upheld the CIT(A)'s decision to treat profits from share transactions as business income instead of short term capital gains. Emphasizing the profit motive, volume, frequency, and regularity of transactions, the Tribunal concluded that the activities indicated a business motive. The judgment highlighted the finality of the order under section 263 and classified the income as 'Profits and gains of business or profession,' dismissing the appellant's argument for capital gains treatment. Case-Laws Income Tax Mon, 29 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343804