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2016 (3) TMI 1366

..... pex Overseas Ltd. shares were purchased in A.Y 2006-07 and were sold in A.Y 2007-08, therefore, sale proceeds of the shares should be brought to tax net in A.Y 2007-08 and not in A.Y 2001-02. To rectify the mistake apparent from the record, we direct the AO to verify the order passed by him for A.Y 2007-08 to ensure that there is an addition on account of sale of shares of Tripex Overseas Ltd. and .....

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..... pex Overseas Ltd. was considered in A.Y 2007-08, therefore, the Tribunal has wrongly confirmed the addition in A.Y 2001-02 while deciding the appeal No. 5539/Mum/2012. MA Nos. 212 & 213/Mum/2015 3. We have considered the rival contentions and carefully gone through the order of the Tribunal as well as the other materials placed before us. It appears that Tripex Overseas Ltd. shares were purcha .....

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