https://www.taxtmi.com/caselaws?id=9810 The court held that the excess amount received from the sale of shares by the assessee was liable to be taxed as business income, as the shares were purchased and sold as part of trading activity, not as an independent investment. The court ruled in favor of the Revenue and against the assessee on the nature of the assessee's activity, determining it to be trading rather than investment. The court declined to answer the question regarding the nature of the settlement amount, deeming it a factual matter. en-us Fri, 09 Jun 2006 00:00:00 +0530 Wed, 01 Jul 2009 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9810 The court held that the excess amount received from the sale of shares by the assessee was liable to be taxed as business income, as the shares were purchased and sold as part of trading activity, not as an independent investment. The court ruled in favor of the Revenue and against the assessee on the nature of the assessee's activity, determining it to be trading rather than investment. The court declined to answer the question regarding the nature of the settlement amount, deeming it a factual matter. Case-Laws Income Tax Fri, 09 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9810