Correct head of income - shares transactions- Capital gain or ...

Case Laws Income Tax

July 2, 2019

Correct head of income - shares transactions- Capital gain or business income - there cannot be any straight jacket formula and there should not be a sweeping conclusion but a case to case test or approach should be adopted - regularity in purchase and sale of shares for several years and payment substantial professional fees in its endeavour to corner gains from market fluctuations show clear commercial motive - business income

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Correct head of income - shares transactions- Capital gain or ...

Case Laws Income Tax

July 2, 2019

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