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Case Law Details

Case Name : Shankar Realty (P) Ltd. Vs. ACIT (ITAT Mumbai)
Related Assessment Year : 2008-09)
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Shankar Realty (P) Ltd. Vs. ACIT (ITAT Mumbai)

We have observed that the assessee is declaring income from house property as well income from capital gain in the return of income filed with the Revenue. The dispute is within narrow compass wherein the assessee is contending that the income from sale and purchase of shares be treated as capital gains while revenue is contending the same to be business income.

The assessee duly explained before us that no inte

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