https://www.taxtmi.com/caselaws?id=193705 Share transactions are classified by the totality of circumstances and the assessee's dominant intention, applied with CBDT guidelines distinguishing investment from trading. On the facts, substantial own funds, consistent disclosure of shares as investments in the balance sheet, and the assessee's full-time medical profession supported an investment character. The surrounding circumstances did not indicate a trading motive, and the factual findings were not shown to be perverse or unsupported by the record. The transactions were therefore treated as capital gains rather than business income. en-us Thu, 18 Mar 2010 00:00:00 +0530 Wed, 16 Aug 2017 15:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193705 Share transactions are classified by the totality of circumstances and the assessee's dominant intention, applied with CBDT guidelines distinguishing investment from trading. On the facts, substantial own funds, consistent disclosure of shares as investments in the balance sheet, and the assessee's full-time medical profession supported an investment character. The surrounding circumstances did not indicate a trading motive, and the factual findings were not shown to be perverse or unsupported by the record. The transactions were therefore treated as capital gains rather than business income. Case-Laws Income Tax Thu, 18 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193705