https://www.taxtmi.com/caselaws?id=352384 Extensive and repetitive share dealings involving high volume, short holding periods, intraday transactions and repeated scrip trading showed an organised trading pattern rather than passive investment. On the totality of facts, including frequency, turnover, holding period and profit motive, the receipts were characterised as business income instead of short-term capital gain. The limited dividend yield relative to the investment base also supported the trading inference. The assessee's challenge failed, and the income was correctly assessed as business income. en-us Mon, 04 Dec 2017 00:00:00 +0530 Thu, 14 Dec 2017 09:56:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352384 Extensive and repetitive share dealings involving high volume, short holding periods, intraday transactions and repeated scrip trading showed an organised trading pattern rather than passive investment. On the totality of facts, including frequency, turnover, holding period and profit motive, the receipts were characterised as business income instead of short-term capital gain. The limited dividend yield relative to the investment base also supported the trading inference. The assessee's challenge failed, and the income was correctly assessed as business income. Case-Laws Income Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352384