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Despite Loan, Shares Gain is STCG and Not Business Profit
Case Law Details
- Case Name
- Shri Mahendra C Shah, Mumbai Vs Additional Commissioner of Income Tax (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005- 06
- Courts
- ITAT Mumbai
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Shri Mahendra C Shah, Mumbai Vs Additional Commissioner of Income Tax – I T A No: 6289/Mum/2008 – (Assessment Year: 2005- 06)
Additional Commissioner of Income Tax Vs Shri Mahendra C Shah Mumbai – I T A No: 4932/Mum/2009–(Assessment Year: 2006- 07)
Assessee by: Mr R G Tralshawala
Revenue by: Mr R S Srivastav
O R D E R
R V EASWAR, PRESIDENT:
These are two appeals, one by the assessee which relates to the assessment year 2005-06 and the other by the revenue which relates to the assessment year 2006-07. Since they were heard together, they are disposed...
