https://www.taxtmi.com/caselaws?id=386322 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to classify short-term capital gains as business income due to the high frequency and volume of share transactions. The Court found the AO's treatment justified, dismissing the appeal and upholding the higher tax rate imposed on the reclassified income. The Court emphasized the factual nature of the findings and concluded that no substantial question of law was raised, affirming the appropriateness of the ITAT's decision. en-us Tue, 17 Sep 2019 00:00:00 +0530 Thu, 26 Sep 2019 06:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386322 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to classify short-term capital gains as business income due to the high frequency and volume of share transactions. The Court found the AO's treatment justified, dismissing the appeal and upholding the higher tax rate imposed on the reclassified income. The Court emphasized the factual nature of the findings and concluded that no substantial question of law was raised, affirming the appropriateness of the ITAT's decision. Case-Laws Income Tax Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386322