Bombay HC dismisses appeal on income classification from share sale for Assessment Year 2006-07

The Bombay HC dismissed an appeal challenging the ITAT's order on income classification from share sale for Assessment Year 2006-07. The court held the issue was settled in a prior case for 2005-06, finding no new legal questions. The appeal was dismissed without costs.

---

---

The Bombay High Court dismissed an appeal challenging the Income Tax Appellate Tribunal's order regarding the classification of income earned from the sale of shares for Assessment Year 2006-07. The court found that the issue had already been settled in a previous case for Assessment Year 2005-06, and no substantial question of law arose. The appeal was dismissed with no order as to costs.

---