https://www.taxtmi.com/caselaws?id=378531 The High Court upheld the Tribunal's decision that income from shares held for less than one year should be treated as short-term capital gain, not business income. The Court found no error in the Tribunal's analysis, emphasizing the importance of a comprehensive assessment of relevant facts and circumstances to determine the nature of the assessee's activities in buying and selling shares. The judgment concluded that the assessee, despite engaging in share transactions, was not considered to be in the business of trading shares based on various factors considered. en-us Mon, 08 Apr 2019 00:00:00 +0530 Wed, 17 Apr 2019 16:37:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378531 The High Court upheld the Tribunal's decision that income from shares held for less than one year should be treated as short-term capital gain, not business income. The Court found no error in the Tribunal's analysis, emphasizing the importance of a comprehensive assessment of relevant facts and circumstances to determine the nature of the assessee's activities in buying and selling shares. The judgment concluded that the assessee, despite engaging in share transactions, was not considered to be in the business of trading shares based on various factors considered. Case-Laws Income Tax Mon, 08 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378531