Case Law Details
Case Name : Sanjeev Mittal Vs CIT (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Brief about the case
The assessee was a medical practitioner with professional income and income from capital gains as returned income. The A.O. contended the income from capital gains to be the income from business or profession as he noticed that the professional receipts turned to be equivalent to merely 1/37th of the gains from share transactions.
The assessee appealed to CIT(A) which decided in favour of the assessee stating that he had consistently
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