https://www.taxtmi.com/highlights?id=49303 Correct head of income - Income from capital gains or business income - the business activity of the assessee is trading in shares, there can be a presumption that the amount claimed was derived through trade; in such case, the assessee has to establish that the impugned amount was indeed invested and the proceeds of sales were of a capital asset. - AT en-us Mon, 16 Sep 2019 12:19:03 +0530 Mon, 16 Sep 2019 12:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49303 Correct head of income - Income from capital gains or business income - the business activity of the assessee is trading in shares, there can be a presumption that the amount claimed was derived through trade; in such case, the assessee has to establish that the impugned amount was indeed invested and the proceeds of sales were of a capital asset. - AT Highlights Income Tax Mon, 16 Sep 2019 12:19:03 +0530 https://www.taxtmi.com/highlights?id=49303