Gains arising from transfer of shares held for a period of less ...
Profits from Short-Term Share Transfers Classified as Business Income Due to Substantial Volume and Value.
March 22, 2019
Case Laws Income Tax HC
Gains arising from transfer of shares held for a period of less than 30 days - buying and selling shares of sizable volume and value - busniss income or capital gain - in totality of the facts and circumstances assessee was not purely an investor in shares - taxable as business income.
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