2016 (3) TMI 1335

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....NCOME TAX APPEAL NO. 2313 OF 2013 WITH INCOME TAX APPEAL NO. 2290 OF 2013 - -<br>Income Tax<br>M.S. SANKLECHA & A.K. MENON, JJ. For the Appellant : Mr. A.R. Malhotra a/w N.A. Kazi For the Respon....

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....as justified in directing the AO to treat the profit arising on the frequent and voluminous transactions initiated with borrowed funds in shares as &#39;Short Term Capital Gain&#39; instead of &#39;Bu....