Jindal Equipment Leasing & Ors. V. CIT, Delhi, CIVIL APPEAL NO. 152 OF 2026 [Arising Out Of S.L.P. (C) No. 2028 Of 2021], 2026 INSC 46; Dated 09th January, 2026
In this case, the Supreme Court held that shares received in an amalgamation can be taxable as business income under Section 28 if the original shares were held as stock-in-trade,…



