Appeals of the appellant are disposed off in the terms indicated as above
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
6. First, we take up the Issue with regard to treatment of purchase and sale of shares as adventure in the nature of trade i.e.Business income or income from capital gains. The Hon’ble High Court set aside the matter by observing vide para 4 and 5 of its judgement as under: Amrit Lal Batra v. Addl./Dy.CIT