TaxTMI 
TaxTMI 
Court Reclassifies Share Sale Gains as Income, Not Investments, Due to Suspected Tax Manipulation Under LTCG Rules.
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....Addition made by treating LTCG as Income from other sources – Sale of shares – transactions in purchase and sale of shares is just a colourable device especially when the assessee had not done any such transaction in the preceding or subsequent year - AT....