During the last few years assessee company followed the same ...

Company's Share Income Classified as Investment, Not Business Income, Due to Consistent Categorization and Own Fund Acquisition.

July 5, 2016

Case Laws Income Tax AT

During the last few years assessee company followed the same practice of holding certain shares under the head “Investment” and some shares as “Stock in trade”. Therefore, as the assessee was holding the shares as investment consistently and the same were acquired out of own funds, there was no reason to treat the same as business income.

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During the last few years assessee company followed the same ...

Company's Share Income Classified as Investment, Not Business Income, Due to Consistent Categorization and Own Fund Acquisition.

July 5, 2016

Case Laws Income Tax AT

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