https://www.taxtmi.com/caselaws?id=801591 Share and securities gains, including short-term gains from transactions through a portfolio management service, are taxable as capital gains rather than business income when the overall circumstances show investment holdings. Classification depends on the investor's conduct, the nature of holdings, transaction frequency and volume, and whether securities were held as investments or stock-in-trade. Portfolio-manager execution does not itself establish a share-trading business because the investor retains direct ownership; transaction numbers alone are not determinative. en-us Mon, 24 Aug 2026 00:00:00 +0530 Fri, 23 Oct 2026 08:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801591 Share and securities gains, including short-term gains from transactions through a portfolio management service, are taxable as capital gains rather than business income when the overall circumstances show investment holdings. Classification depends on the investor's conduct, the nature of holdings, transaction frequency and volume, and whether securities were held as investments or stock-in-trade. Portfolio-manager execution does not itself establish a share-trading business because the investor retains direct ownership; transaction numbers alone are not determinative. Case-Laws Income Tax Mon, 24 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801591