Listed shares and Securities treated as Stock-in-Trade by Assessee is to be Treated as Business Income regardless of Period of Holding: ITAT [Read Order]

By Kalyani B. Nair - On September 15, 2023 6:30 pm - 2 mins read
Listed shares and Securities treated as Stock-in-Trade by Assessee is to be Treated - Business Income regardless of Period of Holding - ITAT - TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that listed shares and securities which had been treated as stock in trade by assessee should be treated as business income regardless of period of holding. The assessee, Chandra Ramesh was an individual and engaged in the business of trading in shares and securities…

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