{"id":5610,"date":"2019-05-31T05:08:05","date_gmt":"2019-05-31T05:08:05","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-hiren-m-shah-2019-413-itr-143-bom-hc\/"},"modified":"2019-09-08T14:51:12","modified_gmt":"2019-09-08T14:51:12","slug":"cit-v-hiren-m-shah-2019-413-itr-143-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-hiren-m-shah-2019-413-itr-143-bom-hc\/","title":{"rendered":"CIT  v. Hiren M. Shah. (2019) 413 ITR 143\/ 264 Taxman 320 (Bom.)(HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that, the average period of holding of most of those shares was 628 days, in certain scrips the assessee had incurred loss and that in the earlier years the assessee&#8217;s investment in shares was assessed under the head capital gains because consistently the assessee had been showing in the balance-sheet that the shares were purchased out of his own surplus funds.\u00a0 Accordingly the Tribunal is right in assessing the gains as\u00a0 capital gains. (AY. 2008 -09)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 45 : Capital gains\u2013Business income-Sale of shares\u2013Average holding period of 628 days-Assessable 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-5610","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1su","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5610","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=5610"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5610\/revisions"}],"predecessor-version":[{"id":7160,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/5610\/revisions\/7160"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=5610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=5610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=5610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}