Case Law Details
Case Name : The Commissioner of Income Tax- II Vs. Moderate Leasing & Capital Services Ltd. (Delhi High Court)
Appeal Number : ITA No. 137 of 2010
Date of Judgement/Order : 18/11/2011
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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CIT Vs. Moderate Leasing & Capital Services Ltd. (Delhi High Court)– The Court, on the facts of the case held that where two portfolios are maintained by the assessee, i.e., investment portfolio and stock in trade, then, if the shares sold during the particular year perta
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Whta will happen if it is a case of individual where there is no balance sheet is prepared and all.
Individual is just doing sale and purchase of shares and having income from other sources.