STCG ??????

[CA.BHUPENDRASHAH]

Profit on account of frequent purchase and sale of shares in short period by
assessee has to be treated as `income from business'



The activity of frequent buying and selling of shares over a short span of
period has to be treated as business being adventure in the nature of trade and
the income has to be treated as business income and not as capital gain
[2010] 6 taxmann.com 75 (Mum. - ITAT)
ITAT `H' BENCH, MUMBAI
Harsha N. Mehta

v.

DCIT

ITA NO. 1859/Mum/2009

July 16, 2010