Case Law Details
Case Name : Assistant Commissioner of Income-tax, Circle-16(1) Vs Arnav Akshay Mehta (ITAT Mumbai)
Related Assessment Year : 2007-08
Courts :
All ITAT ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘A’
Assistant Commissioner of Income-tax, Circle-16(1)
v/s.
Arnav Akshay Mehta
IT APPEAL NO. 2742 (MUM.) OF 2011
[ASSESSMENT YEAR 2007-08]
SEPTEMBER 12, 2012
ORDER
Amit Shukla, Judicial Member
The present appeal preferred by the Revenue, is directed against the impugned order dated 31st January 2011, passed by the learned Commissioner (Appeals)-XXVIII, Mumbai, for the quantum of assessment passed under section 143(3) of the Income Tax Act, 1961 (for short “the Act”), for assessment year 2007-08.
2. The sole ground raised in th...
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MCX SX and MCX are different. MCX SX dealt in the derivative of currencies only.