In the result, the appeal of the assessee is partly allowed and that of the Revenue is dismissed
Bench: Shri Chandra Mohan Garg & Shri Girish Agrawal
272 ITR 416. In view of the above judicial decisions and facts of the case, the short term capital gain shown by the assessee on sale of shares 11 ITA.No.105 & 116/PAN./2018 Sociedade De Fomento Industrial Pvt. Ltd., Margao, Goa. of Sesa Goa Ltd., is treated as business income and added to the total income of the assessee