2013 (12) TMI 418

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....rned counsel for the appellant. JUDGMENT Heard on the question of admission. By this appeal filed under section 260A of the Income-tax Act, 1961, the appellant-Revenue has challenged the order dated August 4, 2010, passed by the Income-tax Appellate Tribunal Indore Bench (for short, "the Tribunal") in Income Tax Appeal No. 433/IND/2009 for the assessment year 2005-06. Having heard the ....

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....y, an investment portfolio comprising the securities, which are to be treated as capital assets and trading portfolio comprising stock-in-trade, which are to be treated as trade asset. The clarification issued by the Board was also considered, stating therein that no single principle would be decisive and the total proposition is to be considered. The authorities below have taken into consideratio....