Commissioner of Income Tax-Ii, Kanpur Versus Shri Suneel Kumar Gupta - Income Tax - ALLAHABAD HIGH COURT - HC - Sale of shares Capital gain or business income Held that - Following Commissioner of Income Tax, Kanpur vs. Shri Atul Kanodia 2010 (10) TMI 109 - ALLAHABAD HIGH COURT - CIT(A) directed the AO to treat the profit on sale of shares as capital gain instead of income from business as assessed by the Assessing Officer - No dispute that shares had been held by the assessee for long tim................................... Income Tax - Case Laws
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