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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