INCOME TAX : Where income/surplus arising from sale of shares (forming part of a lot purchased by assessee) had undisputedly been subjected to tax as STCG, then, by way of an implication it could safely be inferred that said entire lot of shares was purchased by assessee with an intention to hold same as a capital asset, hence, balance shares would also be given a similar treatmentINCOME TAX : Where income/surplus arising from sale of shares (forming part of a lot purchased by assessee) had undisputedly been subjected to tax as STCG, then, by way of an implication it could safely be inferred that said entire lot of shares was purchased by assessee with an intention to hold same as a capital asset, hence, balance shares would also be given a similar treatmentwww.taxmann.com Latest Case LawsRead More
