Income from solitary sale of shares is not business income

 HIGH COURT OF KARNATAKA Commissioner of Income-tax, Central Circle versus Nadatur Holdings and Investments (P.) Ltd. IT APPEAL NO. 1400 OF 2006 AUGUST 23, 2012 JUDGMENT B. Manohar, J. Appeal by the. Revenue under Section 260A of the Income Tax Act (in short ‘the Act’; being aggrieved by the order dated 17-03-2006 made in ITA No.871/Bang/2004 passed by the Income Tax Appellate Tribunal, Bangalore Bench-B dismissing the appeal and confirming the order dated 27-01-2004 made in ITA NO.143/C-12(lVCIT(A)-III/2002-03 passed by the Commissioner of Income Tax (Appeals)-ff...