MAFATLAL FABRICS PVT LTD VERSUS ADDL COMMISSIONER OF INCOME TAX - Income Tax - ITAT MUMBAI - Tri - Classification of head of income - Capital gain or Income from Business and Profession on purchase and sale of shares The holding period for the shares is less than 365 days - Character of the shareholding by the assessee, i.e., whether as investment or as trading stock , for resale at a profit, as soon as a profit opportunity arises on the horizon Held that - The long term capital gain................................... Income Tax - Case Laws
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