Taxability of Share Profit of Assessee maintaining separate investment and trading portfolio

IN THE ITAT MUMBAI BENCH ‘J’ Jignesh Indulal Patel Versus Income-tax Officer, 4(1)(2), Mumbai IT APPEAL NO. 3455 (MUM.) OF 2009 [ASSESSMENT YEAR 2005-06] AUGUST 31, 2012 ORDER Dinesh Kumar Agarwal, Judicial Member – This appeal preferred by the assessee is directed against the order dtd. 19-3-2009 passed by the ld. CIT(A) – IV, Mumbai for A.Y. 2005-06. 2. Briefly stated facts of the case are that the assessee an individual derives income from brokerage, shares and interest. He filed return declaring total income of Rs. 6,84,320/-. However, the assessme...