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2013 (11) TMI 1654 - HC - Income TaxTransaction of share - Nature of income - LTCG or business income - Held that:- When in the earlier assessment order i.e for the Assessment Years 2004-05 and 2005-06 the same were treated as investment in shares and the Assessing Officer accepted the same as investment in shares, no error has been committed by the ITAT as well as the CIT(A) in deleting the addition made by the Assessing Officer in treating it as business income for the purpose of short term capital gain and long term capital gain.
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