Sponsored
    Follow Us:

Case Law Details

Case Name : Karpaga Vinayagar Enterprises Pvt Ltd Vs ITO (ITAT Hyderabad)
Related Assessment Year : 2006-07
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Karpaga Vinayagar Enterprises Pvt Ltd Vs ITO (ITAT Hyderabad)

On perusing the audited statement of account of the assessee enclosed in paper book page No. 3 to 6 it is quite evident that the assessee has classified the equity shares purchased by it as ‘investments’ and not as ‘stock-in-trade’ as on 31/3/2006 and as on 31/3/2005 in the Balance Sheet. Therefore, the assessee is right in its rem to treat the gain resulting from the sale of its investment in equity shares under the head “income from sh

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31