SHRI SHARAD AGRAWAL,INDORE vs. THE JCIT RANGE-4, INDORE

In the result, all these three appeals of the Assessees are partly allowed

Bench: Shri Kul Bharat & Shri Manish Boradassessment Year : 2009-10

Capital Gain earned of Rs.5,65,161/- on Redemption of Mutual Funds as business income and consequently taxed the above profit at usual rate of tax instead of 15% as per provided under section 111A of the Income Tax Act. 3. That on the facts and in the circumstances of the case the Ld. CIT(A) erred in confirming

THE ACIT, CIRCLE 2(1), INDORE vs. DR. SHRI RAJEEV CHAUDHARY, INDORE

In the result, the appeal of the revenue is allowed and cross objection of the assessee is partly allowed