Dismissing the appeal of the revenue the Court held that ; Profit on sale of shares was held to be assessable as capital gains and not as business income (AY. 2008 -09)
CIT v. Tejas J. Amin (2018) 402 ITR 431 (Guj) (HC)
S. 45: Capital gains — Business income –Profit on sale of shares was held to be assessable as capital gains and not as business income [ S. 28(i) ]