Bifurcation of Income from shares

Nilesh Ranka (CA- Practice) (38 Points)

20 September 2017  
Hi friends

I am share trader, In ay 15-16 I have intraday turnover of 12 cr. and delivery turnover of 35 lakhs.

Under the scrutiny assessment u/s 143(2) my AO treat my intraday turnover as speculative business and delivery turnover as Capital gains.

He bifurcate some part as business and other part as capital gains.

So I want to know that can he bifurcate total turnover in two parts. i.e. Speculative business and capital gains.