2010 (8) TMI 1160

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....lant by Shri Shravan Kumar. For the Respondent : Shri M.P. Lohia. ORDER PER R.S. SYAL, AM: This appeal by the Revenue arises out of the order passed by CIT(A) on 17-03-2009 in relation to asstt. year 2005-06. Though four grounds have been raised but the grievance is appropriately projected through ground No. 1, which reads as under : "On the facts and in the circumstances of the case and in ....

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....nst short-term capital gains in the manner tabulated by the AO on page 3 of his order. The AO observed that by virtue of provisions of sections 111A & 115AD, two distinct time periods, firstly from 01.04.2004 to 30.09.2004 and secondly from 01.10.2004 to 31.03.2005 have been provided and two different tax rates apply. It was, therefore, opined that the manner of making set off of short-term capita....