Gain on sale of balance lot of shares to be given similar tax treatment which was given in sale of previous lot : ITAT

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 treatment

from www.taxmann.com Latest Case Laws https://ift.tt/3ldfVLX