{"id":20869,"date":"2021-08-05T18:08:22","date_gmt":"2021-08-05T12:38:22","guid":{"rendered":"https:\/\/itatonline.org\/digest\/swatiben-anilbhai-shah-v-dcit-2021-187-itd-843-198-dtr-225-209-ttj-1025-ahd-trib\/"},"modified":"2022-05-17T20:00:53","modified_gmt":"2022-05-17T14:30:53","slug":"swatiben-anilbhai-shah-v-dcit-2021-187-itd-843-198-dtr-225-209-ttj-1025-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/swatiben-anilbhai-shah-v-dcit-2021-187-itd-843-198-dtr-225-209-ttj-1025-ahd-trib\/","title":{"rendered":"Swatiben Anilbhai Shah v. DCIT (2021) 187 ITD 843 \/ 198 DTR 225 \/ 209 TTJ 1025 (Ahd.)(Trib.)\/Atul Hiralal Shah v. Dy.CIT  ( 2021)   187 ITD 843\/ 198 DTR 225\/ 209 TTJ 1025  (Ahd)(Trib)"},"content":{"rendered":"<p>Assessing Officer\u00a0 treated the\u00a0 gains on investment portfolio as business income. On appeal the Tribunal held that total number of transactions of purchase was only five and sale was barely seven. Accordingly\u00a0\u00a0 frequency of purchase and sale instances were quite few justifying intention of assessee to purchase shares as capital asset. Tribunal directed the\u00a0 AO to assesseee as short term capital gain. (AY. 2008-08, 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Purchase and sale of shares-Investment portfolio-Assessable as short term capital gains and not as business income. [S. 28(i)]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-20869","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5qB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20869","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=20869"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20869\/revisions"}],"predecessor-version":[{"id":26970,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/20869\/revisions\/26970"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=20869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=20869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=20869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}