The Income Tax Appellate Tribunal ( ITAT ), Ahmedabad bench has held that the frequency, magnitude of the transaction in a systematic manner cannot be the criteria to hold that the assessee is engaged in the business activity of shares. The assessee, in his return, has made 162 transactions of purchase and sale of shares […]
The post Frequency, Magnitude of Transaction in Systematic Manner not a Criteria to treat Share Transaction a Business Activity: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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