Speculation business - there is a vital difference between ...

Allotment of Shares Isn't a Purchase: Assessee Not in Speculation Business for Share Transactions Under Tax Law.

September 6, 2016

Case Laws Income Tax HC

Speculation business - there is a vital difference between "creation" and "transfer" of shares - allotment of shares cannot be termed as purchase - the assessee cannot be said to be carrying on a speculation business to the extent to which the business consists of the purchase and sale of such shares. - HC

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Speculation business - there is a vital difference between ...

Allotment of Shares Isn't a Purchase: Assessee Not in Speculation Business for Share Transactions Under Tax Law.

September 6, 2016

Case Laws Income Tax HC

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