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When income from sale of shares can be said to be income from business
Case Law Details
- Case Name
- Manish P. Gandhi Vs ACIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005-06 & 2006-07
- Courts
- ITAT Mumbai
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IN THE ITAT MUMBAI BENCH ‘B’
Manish P. Gandhi V/s. ACIT
IT APPEAL NOS. 5290 (MUM.) OF 2008 & 6430 (MUM.) OF 2009
[ASSESSMENT YEARS 2005-06 & 2006-07]
Date of pronouncement – 29.07.2011
ORDER
N.V. Vasudevan, Judical Member
ITA No.5290/M/08 is an appeal by the assessee against the order dated 11/6/2008 of CIT(A) 25, Mumbai relating to assessment year 2005-06, while ITA No.6430/M/09 is an appeal by the revenue against the order dated 29/9/2009 of CIT(A)-35, Mumbai relating to assessment year 2006-07. We shall first take up for consideration appeal by the assessee for ...
