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Taxability of Share Profit of Assessee maintaining separate investment and trading portfolio
Case Law Details
- Case Name
- Jignesh Indulal Patel Vs Income-tax Officer, 4(1)(2), Mumbai (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005-06
- Courts
- All ITAT, ITAT Mumbai
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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...
