https://www.taxtmi.com/caselaws?id=357972 The Tribunal upheld the classification of profits from the sale of shares as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) based on the holding period, rejecting the Revenue's argument that the transactions indicated a business motive. The Tribunal emphasized that maintaining an investment portfolio and converting stock-in-trade into investments did not change the tax treatment. Consequently, the Revenue's appeal was dismissed, affirming the treatment of income as capital gains. en-us Wed, 07 Mar 2018 00:00:00 +0530 Tue, 03 Apr 2018 06:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357972 The Tribunal upheld the classification of profits from the sale of shares as Long Term Capital Gains (LTCG) and Short Term Capital Gains (STCG) based on the holding period, rejecting the Revenue's argument that the transactions indicated a business motive. The Tribunal emphasized that maintaining an investment portfolio and converting stock-in-trade into investments did not change the tax treatment. Consequently, the Revenue's appeal was dismissed, affirming the treatment of income as capital gains. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357972