Short Term Capital Gain disposed off within a Short Span of time will not justify the Gain to be treated as Business Income: ITAT [Read Order]

Short term Capital Gain - Capital Gain - Short Span of time - Short term Capital Gain disposed off within a Short Span of time will not justify the gain to be treated as Business Income

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) held that the short-term capital gain disposed off within a short span of time will not justify the gain to be treated as business income. The assessee has shown income from long-term capital gain, short-term capital gain, and speculation profit from the sale of shares…

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