ITAT Mumbai Rules despite high volume and short holding period, shares gain is STCG

ACIT Vs. Naishadh V. Vachharajani (ITAT Mumbai)

C.O. No. 136/Mum/2010.

(In ITA No. 6429/Mum/2009)

Assessment Year: 2006- 07.

O R D E R

Per J. Sudhakar Reddy, A.M. :

This is an appeal filed by the Revenue directed against the order of the CIT(Appeals)-35, Mumbai dated 29-09-2009 on the following ground :

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