[aaykarbhavan] Infrequent share dealings with intent of capital appreciation leads to taxation of resultant profit as capital gain

Infrequent share dealings with intent of capital appreciation leads to taxation of resultant profit as capital gain

August 28, 2014[2014] 48 taxmann.com 18 (Delhi)/[2014] 365 ITR 452 (Delhi)

IT: Where investment in shares was made with an objective of capital appreciation, there was infrequent-handful of transactions and dividend was also earned, profit from sale/purchase of shares was treated as capital gain

 

Regards

Prarthana Jalan

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

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