{"id":3206,"date":"2018-12-11T10:26:53","date_gmt":"2018-12-11T10:26:53","guid":{"rendered":"http:\/\/itatonline.org\/digest\/eastman-industries-ltd-v-acit-2018-63-itr-181-delhi-trib-3\/"},"modified":"2018-12-11T10:26:53","modified_gmt":"2018-12-11T10:26:53","slug":"eastman-industries-ltd-v-acit-2018-63-itr-181-delhi-trib-3","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/eastman-industries-ltd-v-acit-2018-63-itr-181-delhi-trib-3\/","title":{"rendered":"Eastman Industries Ltd. v. ACIT (2018) 63 ITR 181 (Delhi) (Trib.)"},"content":{"rendered":"<p>It was held that the income from dealing in shares was assessed consistently as capital gains in scrutiny assessment. Further, the CIT(A) had given finding of fact on the frequency of the transactions. It was also held that period of holding and receipt of dividend were not decisive factors. Accordingly, the income was held to be taxable as capital gains. (AY. 2008-09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains \u2013 business income &#8211; Trading in shares \u2013 Held, in earlier years the same was assessed as capital gains in scrutiny assessments \u2013 Held, period of holding and receipt of dividend were not decisive factors \u2013 Held, to be assessed as capital gains. [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":[1],"tags":[],"class_list":["post-3206","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-PI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3206","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=3206"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/3206\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=3206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=3206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=3206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}