Quoted share or security: market quotations must reflect regular, current transactions in the ordinary course of business. For the purpose of rule 17CB of the Income tax Rules, 1962, a Quoted Share Or Security means a share or security quoted on a recognised stock exchange with regularity, where such quotations are based on current transactions made in the ordinary course of business.
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Provisions expressly mentioned in the judgment/order text.
Quoted share or security: market quotations must reflect regular, current transactions in the ordinary course of business.
For the purpose of rule 17CB of the Income tax Rules, 1962, a Quoted Share Or Security means a share or security quoted on a recognised stock exchange with regularity, where such quotations are based on current transactions made in the ordinary course of business.
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