Income from Sale Trading is Business Income as Claimed by Assessee in Previous Years: ITAT [Read Order]

Income - Sale Trading - Business Income - Assessee - Previous Years - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT), Pune bench has held that the income from share transactions shall be treated as business income under the provisions of the Income Tax Act, 1961 since the assessee had claimed the same under the similar head during the previous years. The assessee, Mangesh Krishnath Ekbote, is engaged in the…

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