https://www.taxtmi.com/caselaws?id=359314 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee for Assessment Years 2006-07 and 2008-09. The Tribunal upheld the treatment of Short Term Capital Gains as 'Capital Gains' instead of 'Business Income' based on the investor profile and holding period of shares. The CIT(A) in both years concluded that the assessee was an investor, not a trader, considering factors such as turnover, holding period, and source of funds. The Revenue's appeals were dismissed, affirming the CIT(A)'s decisions. en-us Fri, 23 Mar 2018 00:00:00 +0530 Fri, 27 Apr 2018 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359314 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee for Assessment Years 2006-07 and 2008-09. The Tribunal upheld the treatment of Short Term Capital Gains as 'Capital Gains' instead of 'Business Income' based on the investor profile and holding period of shares. The CIT(A) in both years concluded that the assessee was an investor, not a trader, considering factors such as turnover, holding period, and source of funds. The Revenue's appeals were dismissed, affirming the CIT(A)'s decisions. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359314