https://www.taxtmi.com/caselaws?id=358639 The High Court upheld the decision treating the income from purchase and sale of shares by the appellant Hindu Undivided Family (HUF) as business income due to the significant volume of transactions and lack of evidence establishing a clear intention for investment purposes. Despite the appellant's arguments and reliance on specific sections of the Income Tax Act, the court emphasized the factual aspect of the case and dismissed the Income Tax Appeal, ruling in favor of the Revenue. en-us Wed, 11 Apr 2018 00:00:00 +0530 Mon, 16 Apr 2018 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358639 The High Court upheld the decision treating the income from purchase and sale of shares by the appellant Hindu Undivided Family (HUF) as business income due to the significant volume of transactions and lack of evidence establishing a clear intention for investment purposes. Despite the appellant's arguments and reliance on specific sections of the Income Tax Act, the court emphasized the factual aspect of the case and dismissed the Income Tax Appeal, ruling in favor of the Revenue. Case-Laws Income Tax Wed, 11 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358639