https://www.taxtmi.com/caselaws?id=35188 HC upheld the ITAT's finding that delivery-based share transactions were investment transactions, so profits qualify as capital gains (short- or long-term depending on holding period) rather than business income. The Tribunal correctly found two distinct transaction types-investment and business-and its factual conclusions were sustained. The court held res judicata does not apply across separate assessment years, and that ledger entries alone are not conclusive in determining the nature of income. en-us Wed, 06 Jan 2010 00:00:00 +0530 Tue, 02 Sep 2025 10:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35188 HC upheld the ITAT's finding that delivery-based share transactions were investment transactions, so profits qualify as capital gains (short- or long-term depending on holding period) rather than business income. The Tribunal correctly found two distinct transaction types-investment and business-and its factual conclusions were sustained. The court held res judicata does not apply across separate assessment years, and that ledger entries alone are not conclusive in determining the nature of income. Case-Laws Income Tax Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35188