Tuesday, 28 April 2015

Mere liquidation of shares in short span of time doesn't mean that assessee was doing business in sh

IT: Where assessee made investment in shares with intention to earn dividend income, merely because she liquidated its investment within a short span of time which had given better overall earning to her, it could not be concluded that assessee was doing business in shares and profit arising from sale of shares was taxable as business income

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