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2010 (10) TMI 100 - DELHI HIGH COURT
Sale of shares and securities - business income or long term capital gain - income from business on the basis of the object clause of Memorandum of Association of the assessee company as per which the assessee can deal in shares - Held that: - no doubt that the shares that was made by the assessee as an investment gave rise to capital gains - concept of business income does not arise - Apeal is dismissed