Profit on frequent purchase and sale of shares in short period by assessee has to be treated as `income from business’

DECIDED BY: ITAT `H’ BENCH, MUMBAI,

IN THE CASE OF: Harsha N. Mehta Vs. DCIT,

APPEAL NO: ITA NO. 1859/Mum/2009,

DECIDED ON July 16, 2010

_________ORDER________

PER R.K. PANDA, AM:

These are cross appeals, the first one filed by the assessee and the second one filed by the Revenue a

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