https://www.taxtmi.com/caselaws?id=401313 The Tribunal upheld the decision to treat certain shares as investments and others as business income, based on the frequency of transactions and holding periods. The appeal challenging the treatment of short term capital gains as business income was partially allowed, with specific shares categorized accordingly. The Assessing Officer's determination of profit motive through trading activity was upheld, leading to the dismissal of the appeal. en-us Fri, 27 Nov 2020 00:00:00 +0530 Fri, 04 Dec 2020 08:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401313 The Tribunal upheld the decision to treat certain shares as investments and others as business income, based on the frequency of transactions and holding periods. The appeal challenging the treatment of short term capital gains as business income was partially allowed, with specific shares categorized accordingly. The Assessing Officer's determination of profit motive through trading activity was upheld, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 27 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401313