Vijayender Tulla Versus ACIT, Circle 6 (1) Hyderabad - Income Tax - ITAT HYDERABAD - Tri - Share trading activity - Held that - The assessee has made several transactions of purchase and sales during the relevant year under consideration and the high volume of frequency and regularity of the activity - Following PVS Raju vs. Addl. CIT 2011 (7) TMI 818 - Andhra Pradesh High Court - The activity carried on by the assessee in purchase and sale of shares would partake the character of business act................................... Income Tax - Case Laws
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