Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]
Transactions Concerning Mutual Funds are in Nature of Investment and not Motivated by Trade, rules Delhi HC
By Kalyani B. Nair - On January 19, 2024 9:59 pm - 2 mins read
The Delhi High Court in an appeal preferred by the Principal Commissioner of Income Tax observed that the Transactions concerning mutual funds are in nature of investment and not motivated by trade. The CIT(A) concluded that the gains derived by the respondent/assessee on the transfer of mutual funds were chargeable under the head “capital gains”….
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