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2014 (10) TMI 76 - HC - Income TaxNature of investment income – Trader of shares or not – Held that:- Assessee had declared long-term capital gains and the stand of the assessee is that he was an investor as well as trader in shares - the Tribunal has not dealt with the contentions raised after examining and ascertaining the facts in detail - Answer or conclusion has been recorded without reference to facts of the particular year - The factual position can vary and can be materially different – thus, the matter is to be remitted back to the Tribunal for adjudication – Decided in favour of assessee.
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