Tribunal held that the shares were shown as investment and there was no repetitive purchase and sale of shares. Profits assessable as short term capital gains. (AY. 2010-11)
Palresha Trading Ltd. v. DCIT (2021) 188 ITD 129 (Bang.)(Trib.)
S. 45 : Capital gains-Business income-Purchase and sale of shares-No repetitive purchase and sale of shares-Profits assessable as short term capital gains. [S. 28(i)]