{"id":47898,"date":"2024-11-16T19:26:54","date_gmt":"2024-11-16T13:56:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/dcit-v-hero-investment-p-ltd-2024-204-itd-29-delhi-trib\/"},"modified":"2024-11-16T19:26:54","modified_gmt":"2024-11-16T13:56:54","slug":"dcit-v-hero-investment-p-ltd-2024-204-itd-29-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/dcit-v-hero-investment-p-ltd-2024-204-itd-29-delhi-trib\/","title":{"rendered":"DCIT v. Hero Investment (P.) Ltd. (2024) 204 ITD 29 (Delhi) (Trib.)"},"content":{"rendered":"<p>Held that the \u00a0assessee had shown shares in balance sheet as investments and not as stock-in-trade and moreover, shares sold were held by assessee for a long period ranging from 3301 days to 1352 days, income from sale of shares\/securities\/PMS\/mutual funds, etc. to be treated as income under head capital gains and not business income.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains-Business income-Shares shown as investment in balance sheet and not as stock in trade-Period of holdings  ranging from 3301 to 1352 days-Income from sale of securities is assessable as 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-47898","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-csy","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47898","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=47898"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47898\/revisions"}],"predecessor-version":[{"id":47899,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47898\/revisions\/47899"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}