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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Sale proceeds of shares treated as income from other sources – ...


Assessing Officer Incorrectly Classifies Share Sale Proceeds as Income; Should Be Taxed as Capital Gains Instead.

October 17, 2014

Case Laws     Income Tax     AT

Sale proceeds of shares treated as income from other sources – Genuineness of transaction - capital gains earned by the assessee is to be taxed as such and AO erred in considering the entire sale proceeds as income from other sources - AT

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