New User   Login      
Tax Management India .com TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2015 (11) TMI 73 - DELHI HIGH COURT

2015 (11) TMI 73 - DELHI HIGH COURT - TMI - Treatment of the purchase and sale of shares - Determination of income - short term capital gains and long term capital gains or business income - Held that:- The Court finds merit in the contention of learned Senior counsel for Assessee that the ITAT appears to have prejudged the issue whether the Assessee was also a trader in shares apart from being an investor. That conclusion was required to be arrived at by the CIT (A) after re-examining the matte .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

estor. - ITA No. 550/2015, ITA No. 551/2015, ITA No. 552/2015 - Dated:- 19-10-2015 - S. Muralidhar And Vibhu Bakhru, JJ. For the Petitioner : Mr. Ajay Vohra, Senior Adv with Ms. Kavita Jha, Mr. Gaurav Jain, Adv For the Respondent : Mr. Rahul Chaudhary, Adv with Mr. Ruchir Bhatia, Adv ORDER 1. These appeals by the Appellant Assessee under Section 260A of the Income Tax Act ("Act") are directed against a common order dated 13th January 2015 passed by the Income Tax Appellate Tribunal (&q .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

aged in the business of export of hand knitted carpets and handicrafts for over thirty years. According to the Appellant, simultaneous with the said business, he also invested surplus funds in shares and mutual funds including investment through portfolio management schemes ("PMS") for earning capital appreciation and dividend. 4. The manner of treatment of the purchase and sale of shares by the Assessee formed the subject matter of the assessment for the aforementioned AYs. The AO was .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version