https://www.taxtmi.com/caselaws?id=274136 The High Court upheld the classification of income from the sale of shares as short term capital gain for Assessment Year 2008-09. The court found that the appellant's transactions did not exhibit frequent buying and selling for quick profit, with only 10 scripts traded. The intention behind the transactions was deemed crucial, and the CIT(A) provided specific details supporting the short term capital gain classification. Given the evidence and past assessments, the court dismissed the appeal, emphasizing no substantial legal question arose, and no costs were awarded. en-us Tue, 01 Aug 2017 00:00:00 +0530 Tue, 31 Jul 2018 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274136 The High Court upheld the classification of income from the sale of shares as short term capital gain for Assessment Year 2008-09. The court found that the appellant's transactions did not exhibit frequent buying and selling for quick profit, with only 10 scripts traded. The intention behind the transactions was deemed crucial, and the CIT(A) provided specific details supporting the short term capital gain classification. Given the evidence and past assessments, the court dismissed the appeal, emphasizing no substantial legal question arose, and no costs were awarded. Case-Laws Income Tax Tue, 01 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274136