Tribunal held that that the assessee was maintaining two separate accounts: one for investment and another for stock-in-trade. Therefore, the assessee’s claim that the gains were short-term capital gains was to be allowed. (AY. 2011-12)
Advik Hi-Tech Pvt. Ltd. v. Dy. CIT (2021) 85 ITR 535 (Pune) (Trib.)
S. 45 : Capital gains-Sale of shares-Maintaining separate accounts for investment and stock in trade-Profit assesable as short term capital gains. [S.28 (i)]