Law on the tests to distinguish whether gains on sale of shares is short-term or business profits explained

Harsha L. Tahilramani vs. ACIT (ITAT Mumbai)

(i) The assessee wonders as to why should she be not allowed her claim of the delivery-based transactions as being not trade, which stands admitted by her qua non-delivery based transactions? However, that precisely defines the controversy which is to be resolved (with reference to and on the basis of the facts), so that nothing […]