The Delhi bench of the Income Tax Appellate Tribunal (ITAT) last day held that the income derived by the assessee from the huge magnitude of sale and purchase of shares cannot be considered under the head “capital gains” and the same has to be treated as capital gains. The assessee is engaged in the business […]
The post Income from Huge Magnitude of Sale and Purchase of Shares can’t be treated as Capital Gains: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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