Begin typing your search above and press return to search.
Income from Transaction of Securities held by the assessee for not more than one year is ‘Short Term Capital Gain’, not ‘Business Income’: ITAT Mumbai [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal, in a recent ruling held that the income earned by the assessee from sale of shares held by him for...
Income from Letting out the Godown ‘may be’ treated as business income: Calcutta High Court [Read Order]
The Calcutta High Court in a recent ruling opined that the income derived by the assessee by letting out the godown may be treated as a business income. The Court was deciding the appeal filed by the...
Income from Sale & Purchase of Shares in Investment Portfolios is “Capital Gain”, not “Business Income”: ITAT Kolkata
The Kolkata Bench of the Income Tax Appellate Tribunal friday held that any income earned by an assessee in respect of sale and purchase of shares in investment portfolios should be treated as...