Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2004 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (11) TMI 509 - AT - Income TaxExtract: .......rsquo indicate that the shares were held as lsquo investment rsquo and not as lsquo stock-in-trade rsquo . We, therefore, accept the contention of the assessee that the profit/loss on sale of shares is assessable to tax under the head lsquo capital gains rsquo . The Assessing Officer is directed accordingly. 7. In the result, the appeal is allowed.
|