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Sale Consideration of Equity Shares held by assessee for 16 years is ‘Long Term Capital Gain’, Not ‘Business Income’: Allahabad HC
Recently, in CIT v. M/S Jindal Poly Films Ltd, the division bench of the Allahabad High Court held that income received on the sale of Equity shares...
![Sale Consideration on Transfer of Allotment Right is Taxable under the head ‘Capital Gain’: ITAT Delhi [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/06/Sale-of-Shares-Tax-Scan.jpg "Sale Consideration on Transfer of Allotment Right is Taxable under the head ‘Capital Gain’: ITAT Delhi [Read Order]")