37 results for “capital gains”+ Section 41clear
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In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
41 ITR 685 clearly held that the magnitude of purchase and sale of shares is a determining factor to decide whether income from purchase and sale of shares is to be treated as business income or capital gains. The magnitude of transaction 10 ITA.No.105 & 116/PAN./2018 Sociedade De Fomento Industrial Pvt. Ltd., Margao, Goa. in this case clearly shows