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of <h1>Delhi High Court: Appeal on Taxability of Investment Income Admitted</h1> <h3>ORIENTAL INSURANCE COMPANY Versus DEPUTY COMMISSIONER OF INCOME TAX.</h3> The High Court of Delhi admitted the appeal concerning the taxability of income from the sale/redemption of investments for Assessment Year 2005-06 after ... Assessment of income - income earned on sale/redemption of investment - chargeability to tax - Held that:- Following question is framed for determination: “Whether the ITAT was correct in law in holding that the income earned on sale/redemption of investment is chargeable to tax?” The High Court of Delhi condoned the delay in re-filing the appeal. The court admitted the appeal related to the Assessment Year 2005-06. The main question for determination was whether the income earned on sale/redemption of investment is taxable. Additional documents can be filed within four weeks, and the case was listed for further hearing on 19th August 2015.
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