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2012 (2) TMI 169 - ITAT DELHI
Sale/Purchase of Shares - "Capital Gain" OR "Business Income" - One share of Jubilant Organosys Limited held as long Term - Investment in (JOL) under Special resolution - Motive to earn dividend - Shown as Investment In B/ST - Held That:- Taxable under head Capital Gains.
Shares held for small period of time - motive to earn profit - Held That:- Short term capital gain assessable under Business Income.
Expennditure in relation to exempt Income - Held That:- In view of Godrej Boyce Mfg. Co.(Mumbai High Court). Appeal allowed for statistical purposes.