TMI BlogSale of shares - business income OR capital gains - The tests of badges of trade evolved by Royal...Sale of shares - business income OR capital gains - The tests of badges of trade evolved by Royal Commission of England and approved by the Hon‟ble Supreme Court are also not met by the assessee. Therefore, it cannot be said that the assessee has dressed up in such way so as to wear the badge of trading. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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