Just a moment...

Report
FeedbackReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /

Court Reclassifies Share Sale Gains as Income, Not Investments, Due to Suspected Tax Manipulation Under LTCG Rules.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Addition made by treating LTCG as Income from other sources – Sale of shares – transactions in purchase and sale of shares is just a colourable device especially when the assessee had not done any such transaction in the preceding or subsequent year - AT....