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![Gains from Purchase and Sale of Shares and Mutual Funds are Taxable under the head ‘Capital Gains’: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/07/Shares-TaxScan.jpg "Gains from Purchase and Sale of Shares and Mutual Funds are Taxable under the head ‘Capital Gains’: Bombay HC [Read Order]")
Gains from Purchase and Sale of Shares and Mutual Funds are Taxable under the head ‘Capital Gains’: Bombay HC [Read Order]
In CIT v. Mohan Vallabhdas Bhatiya, the division bench of the Bombay High Court held that under the Income Tax Act, the income arising out of the...