2017 (5) TMI 1113

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RDER Heard Sri Shubham Agrawal, learned counsel for the appellants and Sri Rupesh Jain, learned counsel for the respondent. The appeal by the Revenue is directed against the order of the Income Tax Tribunal dated 29.10.2010 in respect of the assessment year 2005-06. The bone of contention in this appeal is whether the income derived from the sale of equity shares would be business income or a L....