Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (8) TMI 56 - HC - Income TaxWhether transactions of sale and purchase of shares are trading transactions or whether they are in the nature of investment is a question of law – there is no formula of universal application for determining this question and every case has to be decided on its own facts – Whether the assessee was a dealer in shares in the accounting periods relevant to the assessment year – Held, no
|