Transactions concerning Mutual Funds are in nature of Investment and not motivated by trade: Delhi HC [Read Order]

Transactions Concerning Mutual Funds are in Nature of Investment and not Motivated by Trade, rules Delhi HC
By Kalyani B. Nair - On January 19, 2024 9:59 pm - 2 mins read
Delhi high court - Mutual Funds - Delhi High Court in Mutual Fund - Nature of Investment - Income tax - TAXSCAN

The Delhi High Court in an appeal preferred by the Principal Commissioner of Income Tax observed that the Transactions concerning mutual funds are in nature of investment and not motivated by trade. The CIT(A) concluded that the gains derived by the respondent/assessee on the transfer of mutual funds were chargeable under the head “capital gains”….

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
Ā  ā‚¹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader