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Income Tax - Highlights / Catch Notes

Home Highlights May 2012 Year 2012 This

Short term capital gain or business income - Purchases in the ...


Taxpayer's Intent and Income Classification: Short-Term Gains or Business Income for Same-Day Transactions?

May 22, 2012

Case Laws     Income Tax     AT

Short term capital gain or business income - Purchases in the same scrip on the same day has been divided into speculation and investment - the only intention of the assessee in the impugned case is just to reduce the tax liability by treating a part of the profit as short term capital gain - AT

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