https://www.taxtmi.com/highlights?id=55048 Capital Gain or business income - surplus on sale of shares and securities - the assessee has maintained distinction between trading assets and nontrading assets and has treated the transaction in shares and securities as investment then, the Assessing Officer could not have treated the same as business transaction so as to treat the surplus as business income - HC en-us Wed, 07 Oct 2020 12:43:08 +0530 Wed, 07 Oct 2020 12:43:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55048 Capital Gain or business income - surplus on sale of shares and securities - the assessee has maintained distinction between trading assets and nontrading assets and has treated the transaction in shares and securities as investment then, the Assessing Officer could not have treated the same as business transaction so as to treat the surplus as business income - HC Highlights Income Tax Wed, 07 Oct 2020 12:43:08 +0530 https://www.taxtmi.com/highlights?id=55048