6 December 2021


News

ITAT: Single Transaction of Buying and Selling of Shares Can’t be Treated as Business Activity - 29.09.2021

Income Tax Appellate Tribunal (ITAT), Chennai has held that a single transaction of buying and selling of shares cannot be treated as a business activity for the purpose of imposing tax liability on the assessee under the Income Tax Act, 1961.

Tags : Income Tax Appellate Tribunal Single Transaction of Buying and Selling of Shares

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