https://www.taxtmi.com/caselaws?id=346688 The Tribunal allowed the appeal, determining that the appellant's share trading losses should be considered as business income rather than capital gains. It permitted the set off of losses against business income, emphasizing the appellant's active involvement in share trading as a business activity, supported by financial records and conduct. The decision overturned previous rulings that classified the losses as capital in nature, highlighting the appellant's business intent evident in financial statements and trading activities. en-us Fri, 28 Jul 2017 00:00:00 +0530 Tue, 22 Aug 2017 06:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346688 The Tribunal allowed the appeal, determining that the appellant's share trading losses should be considered as business income rather than capital gains. It permitted the set off of losses against business income, emphasizing the appellant's active involvement in share trading as a business activity, supported by financial records and conduct. The decision overturned previous rulings that classified the losses as capital in nature, highlighting the appellant's business intent evident in financial statements and trading activities. Case-Laws Income Tax Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346688