2013 (9) TMI 1124

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....013, I.A. No. 1 in 727 of 2013 - -<br>Income Tax<br>-<br>MR. JUSTICE R.M. LODHA AND MR. JUSTICE MADAN B. LOKUR For the Appellant : Mr. R.F. Nariman, Sr. Adv., Mr. Satyen Sethi, Adv., Mr. Arta Trana Panda, Adv., Mr. Aarohi Bhalla, Adv., Mr. Rameshwar Prasad Goyal,Adv., Mr. Arijit Prasad, Adv., Mrs.Anil Katiyar, Adv., Mr. C.A. Sundaram, Sr. Adv., Mr. Ajay Vohra, Adv., Ms. Kavita Jha, Adv. For THE....

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....to about 8.72 crores. Learned senior counsel submits that the assessee has already paid tax in the sum of &#8377; 9 crores treating the disputed income as business income based on closing stock in trade. Mr. Arijit Prasad, learned counsel for the Revenue, in response submits that the above facts can only be verified by the authorities. Be that as it may, on careful consideration of all relevant ....