[aaykarbhavan] Reassessment quashed as AO couldn't suddenly treat profit from share dealing as business income and not cap. gains

 

Reassessment quashed as AO couldn't suddenly treat profit from share dealing as business income and not cap. gains

April 25, 2014[2014] 44 taxmann.com 171 (Delhi)

IT: Where income from sale purchase of shares was treated as capital gain in earlier years, in absence of any new material, reassessment could not be initiated holding same as business income

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 1

• Privacy • Unsubscribe • Terms of Use