Case Law Details
Case Name : The Commissioner of Income Tax- II Vs. Moderate Leasing & Capital Services Ltd. (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
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 pertains to investment portfolio and there happens to be loss, then such loss would be capital loss; and not the revenue loss.
Re-portable
IN THE HIGH COURT OF DELHI AT NEW DELHI
ITA No. 137 of 2010
Pronounced on: 18th November, 2011
THE COMMISSIONER OF INCOME TAX– II, NEW DELHI
VERSUS
M...
This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
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.