Income from sale of shares - business income OR capital gain - ...

Sale of Shares Ruled as Capital Gain, Not Business Income; Trading in Land by Subsidiaries Irrelevant to Assessee's Taxation.

April 24, 2019

Case Laws Income Tax AT

Income from sale of shares - business income OR capital gain - trading of under lying assets (land) of the subsidiary companies - sale of shares can not be treated as trading in land so as to be taxed as business income in the hands of the assessee.

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Income from sale of shares - business income OR capital gain - ...

Sale of Shares Ruled as Capital Gain, Not Business Income; Trading in Land by Subsidiaries Irrelevant to Assessee's Taxation.

April 24, 2019

Case Laws Income Tax AT

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