https://www.taxtmi.com/caselaws?id=409382 The High Court affirmed the Tribunal's decision regarding the treatment of profits from trading activities and the classification of shares based on holding periods. It emphasized the importance of maintaining separate books of account and upheld the categorization of bonus units as long term capital gains when the holding period exceeds 12 months. The Court dismissed the Tax Case Appeal, refraining from providing a finding on the second question of law raised by the Revenue for potential consideration in a future appeal. en-us Fri, 18 Jun 2021 00:00:00 +0530 Tue, 06 Jul 2021 09:45:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409382 The High Court affirmed the Tribunal's decision regarding the treatment of profits from trading activities and the classification of shares based on holding periods. It emphasized the importance of maintaining separate books of account and upheld the categorization of bonus units as long term capital gains when the holding period exceeds 12 months. The Court dismissed the Tax Case Appeal, refraining from providing a finding on the second question of law raised by the Revenue for potential consideration in a future appeal. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409382