Investor's Share Sale Gains Classified as Capital Gains, Exempt u/s 10(38) of Income Tax Act.

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....Gain on sale of shares - Business income or Capital Gains - Adventure in the nature of trade - Just because the assessee has shifted from the IPOs and has made a purchase of the shares in M/s Panchshul Marketing Ltd., would not shift the head of income from “capital gains” to the “Adventure in the nature of trade”, insofar as the assessee is an investor in the shares and is not in the business of dealing in shares. - Benefit of exemption u/s 10(38) allowed - AT....