M/S.SHEETAL REAL vs. INCOME TAX OFFICER
In the result, the appeal fails and the substantial questions of law
ITA/83/2010HC Orissa08 Feb 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 260ASection 372A
10 of the Circular No. 04 of 2007 the Board
had accepted the position that an assessee can have both investment
portfolio in respect of capital assets and trading portfolio comprising of
stock-in-trade and such made have income under the head capital gains as
201991 192 ITR 165 (Kar)
ITA/83/2010
REPORTABLE
Page 30 of 60
well as business
