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Income Tax - Highlights / Catch Notes

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Sale/purchase of shares - capital gains - Merely because the ...


Clarification on Capital Gains: Speculation Profit u/s 43(5) Doesn't Indicate Intent to Trade Shares for Tax Purposes.

May 31, 2014

Case Laws     Income Tax     AT

Sale/purchase of shares - capital gains - Merely because the assessment of speculation profit is as per the provision contained u/s 43(5) would not lead to ipso facto conclusion that assessee’s intention was to trade in shares - AT

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