Shares/securities/PMS/Mutual fund held as investment taxable under capital gains

DCIT Vs Hero Investment Pvt. Ltd. (ITAT Delhi)

ITAT Delhi held that income from sale of shares/securities/PMS/Mutual Funds, etc. which were held as investment and not as stock-in-trade is taxable under the head capital gains and not under the head business income.

Facts- Revenue has preferred the present appeal mainly contesting that CIT(A) ha

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