Investment in Shares is Capital Account Transaction, Not Income: Delhi HC

AL Amin Investments Limited Vs ACIT (Delhi High Court)

In a recent case, AL Amin Investments Limited challenged the reopening of its assessment by the Income Tax department regarding investments made in shares during the Assessment Year 2015-2016. The Delhi High Court addressed the legality of this action under Section 148 of the Income Tax Act, 1961. This article provides a detailed analysis of the judgment delivered by the court.

The crux of the case lies in whether the investment in shares should be considered as i

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