TMI BlogCorrect head of income - Income from capital gains or business income - the business activity of the...Correct head of income - Income from capital gains or business income - the business activity of the assessee is trading in shares, there can be a presumption that the amount claimed was derived through trade; in such case, the assessee has to establish that the impugned amount was indeed invested and the proceeds of sales were of a capital asset. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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