Saturday, October 15, 2016

Home Direct Taxation Transfer of shares from stock-in-trade to investment doesn't result into any income; HC sets aside reassessment

Transfer of shares from stock-in-trade to investment doesn't result into any income; HC sets aside reassessment

The High Court of Gujarat held that Transfer of shares by assessee form stock-in-trade to investment did not result into any immediate income accruing to it which could be taxed in assessment year in question.

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Transfer of shares from stock-in-trade to investment doesn't result into any income; HC sets aside reassessment

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