https://www.taxtmi.com/caselaws?id=383576 The Tribunal ruled in favor of the assessee regarding the classification of Short Term Capital Gain as business income, emphasizing the intention behind the transactions and distinguishing between investment and trading. The Tribunal found that the gains should be treated as Short Term Capital Gains, as the transactions were delivery-based and not indicative of high-frequency trading. However, the Tribunal upheld the treatment of transactions of Swastick International as speculation losses due to the lack of evidence supporting actual delivery of goods. en-us Wed, 24 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383576 The Tribunal ruled in favor of the assessee regarding the classification of Short Term Capital Gain as business income, emphasizing the intention behind the transactions and distinguishing between investment and trading. The Tribunal found that the gains should be treated as Short Term Capital Gains, as the transactions were delivery-based and not indicative of high-frequency trading. However, the Tribunal upheld the treatment of transactions of Swastick International as speculation losses due to the lack of evidence supporting actual delivery of goods. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383576