CIT v Consolidated Finvest and Holding Ltd (2011) Delhi High Court.

Mere fact that the shares were sold in a short span of time of acquisition due to steep and unanticipated rise in stock market does not mean that the intention was not to hold them for long period of time or deal in them . Profit on sale of shares with in short span of 7 to 10 months held to be capital gains and not as business income.