Income from sale of shares/securities/PMS/mutual funds taxable under head “Capital Gains”: ITAT grants relief to Hero Investment [Read Order]

Income from sale of shares - securities - PMS - mutual funds taxable - Capital Gains - ITAT grants - Hero Investment - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Delhi bench, while granting relief to Hero Investment Pvt. Ltd., held that the income from the sale of shares, securities, PMS, and mutual funds is taxable under the head of capital gains. The assessee, Hero Investment Pvt. Ltd., after filing the return of income, during the assessment proceedings, denied…

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