2013 (8) TMI 986

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....is appeal by the Revenue is directed against the order passed by the Commissioner of Income-tax (Appeals) on 14.10.2010 in relation to the assessment year 2007-2008. 2. The only issue is against the treatment of income of Rs. 41,25,225 from sale of shares. Shorn off unnecessary details it is noticed that the assessee earned income from sale of shares amounting to Rs. 41.25 lakh which was treate....

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....e of shares under similar circumstances declared as short term capital gain has been accepted as such. A copy of such assessment order dated 31.12.2010 has been placed on record. The learned AR drew our attention to the fact that the number of shares dealt with in the instant year is less than those in the succeeding assessment year. We find that the Hon'ble jurisdictional High Court in the case o....