https://www.taxtmi.com/caselaws?id=471733 Gains from shares and securities held in a distinct investment portfolio are assessable as capital gains where balance-sheet records and holding details support their investment character. High transaction volume and monitoring of market trends do not, without material proving an intention to trade, convert investments into trading stock or business assets. The transactions were treated within the capital-gains framework, including the relevant concessional-tax and exemption provisions, so the gains were chargeable as capital gains rather than business income. en-us Tue, 27 Feb 2024 00:00:00 +0530 Wed, 16 Sep 2026 12:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471733 Gains from shares and securities held in a distinct investment portfolio are assessable as capital gains where balance-sheet records and holding details support their investment character. High transaction volume and monitoring of market trends do not, without material proving an intention to trade, convert investments into trading stock or business assets. The transactions were treated within the capital-gains framework, including the relevant concessional-tax and exemption provisions, so the gains were chargeable as capital gains rather than business income. Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471733