Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (7) TMI 351 - AT - Income TaxCapital gain or business income - income from transfer of shares - A.O. held it as business income - CIT directed to charge it under capital gain - Held that:- Assessee offered similar income from transfer of shares under the head Capital gain in the preceding years which came to be accepted by the Assessing Officer as such - Revenue failed to highlight any distinguishing feature in the facts of the current year vis-à-vis the earlier years decided by the AO. - Following decision of CIT v. Gopal Purohit [2010 (1) TMI 7 - BOMBAY HIGH COURT] - Decided against Revenue.
|