https://www.taxtmi.com/caselaws?id=49546 The Court evaluated whether transactional features - scale, frequency, ratio of purchases to sales, separate investment account funded by advances, and bookkeeping - permitted treating the appellant as a dealer in shares rather than an investor; on that factual matrix the Appellate Tribunal's conclusion of dealing in securities was supported and answered for the Revenue. The Court further held that earlier assessments did not preclude recharacterisation and, on similar cumulative factual findings across years, profits from sale and purchase of shares were properly characterised as business profits and taxable in favour of the Revenue. en-us Thu, 15 Dec 1960 00:00:00 +0530 Wed, 16 Jul 2025 16:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49546 The Court evaluated whether transactional features - scale, frequency, ratio of purchases to sales, separate investment account funded by advances, and bookkeeping - permitted treating the appellant as a dealer in shares rather than an investor; on that factual matrix the Appellate Tribunal's conclusion of dealing in securities was supported and answered for the Revenue. The Court further held that earlier assessments did not preclude recharacterisation and, on similar cumulative factual findings across years, profits from sale and purchase of shares were properly characterised as business profits and taxable in favour of the Revenue. Case-Laws Income Tax Thu, 15 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49546