Sale and Purchase of Mutual Funds by Maruti Suzuki can be treated as Business Income If Activities of Investment are towards Business Profit: ITAT [Read Order]

By Yogitha S. Yogesh - On March 8, 2023 4:30 pm - 2 mins read

Sale - Purchase - Mutual Funds - Maruti Suzuki - Business Income - Investment - Business Profit - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the sale and purchase of mutual funds by Maruti Suzuki can be treated as Business Income if activities of investment are towards business profit. The assessee challenged the treating gains from the sale and purchase of mutual funds as “business…

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