M/S.SHEETAL REAL vs. INCOME TAX OFFICER

In the result, the appeal fails and the substantial questions of law

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

36 of 60 business activities. Assessing officer further held that some of the transactions are completed in a very short period, within 4 to 5 days or even on the same day, the assessee company has also engaged professional manager to manage its portfolio under portfolio management scheme which clearly indicates the motive of the assessee while buying and selling

COMMISSIONER OF INCOME TAX (EXEMPTIONS) vs. M/S. ROLAND EDUCATIONAL AND CHARITABLE TRUST