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2016 (11) TMI 1023 - BOMBAY HIGH COURT

2016 (11) TMI 1023 - BOMBAY HIGH COURT - TMI - The appeal is admitted on the following reframed substantial question of law :- - i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in directing the Assessing Officer to treat the profit arising on the transactions carried out with borrowed funds as “Short Term Capital Gain” instead of “Business Income” ? - INCOME TAX APPEAL NO. 850 OF 2014 - Dated:- 15-11-2016 - M.S. SANKLECHA & A.K. MENON, .....

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