| COURT: | ITAT Mumbai |
| CORAM: | I. P. Bansal (JM), Sanjay Arora (AM) |
| SECTION(S): | 2(42A), 2(42C), 45, 48 |
| GENRE: | Domestic Tax |
| CATCH WORDS: | shares, short-term capital gains |
| COUNSEL: | Natasha Mangat, S. C. Tiwari |
| DATE: | October 17, 2014 (Date of pronouncement) |
| DATE: | October 24, 2014 (Date of publication) |
| AY: | 2007-08 |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| Law on the tests to distinguish whether gains on sale of shares is short-term or business profits explained | |
(i) The assessee wonders as to why should she be not allowed her claim of the delivery-based transactions as being not trade, which stands admitted by her qua non-delivery based transactions? However, that precisely defines the controversy which is to …
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