[aaykarbhavan] No business income if shares held as investment were sold at a few occasions in short span for better returns

No business income if shares held as investment were sold at a few occasions in short span for better returns

June 21, 2014[2014] 45 taxmann.com 342 (Mumbai - Trib.)

IT: Merely because assessee liquidates its investment within a short span of time, which had given better overall earning to assessee, it would not lead to conclusion that assessee had no intention to keep on funds as investor in equity shares, but was actually intended to trade in shares

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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