2013 (1) TMI 892

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....24/3/2010 of the Income Tax Appellate Tribunal relating to assessment year 2005- 06. 2) The revenue has formulated the following questions of law for consideration by this Court. a) Whether on the facts and circumstances of the case and in law, the Tribunal is right in law in upholding the order of CIT(A) whereby directing the A.O. to assess income from share investment activities as short term....

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....es of the case and in law the Tribunal in holding that the entire profits arising out purchase and sale of all shares assessed under the head "income from business and profession" by the AO be treated as investm3ent and the benefit of indexation and exemptions on the share investments claimed as long terms investments be allowed? 3) The dispute in the present case is whether the income earned fro....