Sale of shares - business income OR capital gains - The tests of ...

Sale of Shares Not Business Income: Criteria for Trade Not Met, Ruled as Capital Gains by Supreme Court.

June 20, 2015

Case Laws Income Tax AT

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

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Sale of shares - business income OR capital gains - The tests of ...

Sale of Shares Not Business Income: Criteria for Trade Not Met, Ruled as Capital Gains by Supreme Court.

June 20, 2015

Case Laws Income Tax AT

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