Bombay H.C : The assessee integrated both and this is a systematic activity or trading of shares with business motive. Thus, this is a trading activity and, therefore, he treated the short term capital gain offered by the assessee as business income.

High Court Of Bombay Ramilaben D. Jain vs. ACIT S. C. Dharmadhikari & B. P. Colabawalla, JJ. Income Tax Appeal No. 325 Of 2016 Asst. Year 2007-08 20th August, 2018 JUDGMENT Nitesh Gandhi I/B Vipul Joshi for the Appellant.: A.R. Malhotra with N.A. Kazi for the Respondent PC. By this appeal, the assessee questions the concurrent…

This content is for Annual members only.
Log In Register