https://www.taxtmi.com/caselaws?id=276408 Whether proceeds from sale of shares are revenue or capital was determined by the seller's consistent trade in shares and lack of any change in character or intention to hold as investment; profits on the 1953 sale were held revenue in nature and taxable as business income. A composite payment received by a third party for shares plus controlling rights does not convert amounts actually received by an individual shareholder into consideration for controlling rights where the shareholder lacked independent power to transfer such rights; no apportionment to non share rights was allowed. en-us Tue, 21 Apr 1964 00:00:00 +0530 Sat, 10 Nov 2018 11:19:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276408 Whether proceeds from sale of shares are revenue or capital was determined by the seller's consistent trade in shares and lack of any change in character or intention to hold as investment; profits on the 1953 sale were held revenue in nature and taxable as business income. A composite payment received by a third party for shares plus controlling rights does not convert amounts actually received by an individual shareholder into consideration for controlling rights where the shareholder lacked independent power to transfer such rights; no apportionment to non share rights was allowed. Case-Laws Income Tax Tue, 21 Apr 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276408