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2014 (4) TMI 317
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....mit Bag, Adv., Mr.C. S. Das, Adv. ORDER The Court : The subject matter of challenge in this appeal is a judgment and order dated 3rd May, 2013 passed by the learned Income Tax Appellate Tribunal dismissing the appeal preferred by the revenue and upholding the views of the CIT (Appeal) by which he directed the Assessing Officer to treat the income of a sum of Rs.1,71,01,763/- as short term ca....
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.... from business in the financial year ending 31.3.2004 was Rs.86,16,319/-, but the income from business in the financial year ending 31.3.2005 was reduced to Rs.50,10,679/-, whereas the income from capital gain for the financial year ending on 31.3.2005 increased almost by 100%. He submitted that with effect from 1st April, 2005, Section 111A was introduced to the Income Tax Act, 1961 by which rate....