Dismissing the appeal of the assessee ; the Tribunal, after analysing transactions of shares in details including volume of holding, duration of holding, and income derived as dividend to investment made, had rightly held that income arising from sales of shares was assessable as business income .(AY. 2010-11)
Rakesh Kumar Gupta v. CIT (2018) 254 Taxman 394 (Delhi)(HC)
S. 28(i) : Business income – Capital gains- Buying and selling of shares frequently and volume and magnitude being very high assessable as business income and not as capital gains [ S.45 ]