https://www.taxtmi.com/caselaws?id=385892 The Tribunal dismissed the appeals, upholding the classification of income from share transactions as business income. The decision was based on the frequency and short holding period of transactions, meager dividend income, and relevant judicial precedents. The assessee's argument for capital gains classification was rejected due to the trading nature of transactions. The Tribunal affirmed the lower authorities' decisions, concluding that the income should be assessed under the head 'business.' en-us Fri, 13 Sep 2019 00:00:00 +0530 Mon, 16 Sep 2019 12:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385892 The Tribunal dismissed the appeals, upholding the classification of income from share transactions as business income. The decision was based on the frequency and short holding period of transactions, meager dividend income, and relevant judicial precedents. The assessee's argument for capital gains classification was rejected due to the trading nature of transactions. The Tribunal affirmed the lower authorities' decisions, concluding that the income should be assessed under the head 'business.' Case-Laws Income Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385892