37 results for “capital gains”+ Section 41(4)clear
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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
4. Grounds of appeal Nos.1 and 6 are general in nature and, therefore, needs no adjudication. 5. Grounds of appeal Nos.2(a) and (b) pertains to confirming the order of the A.O. by the Ld. CIT(A) in treating the short term capital gain on account of purchase and sale of shares of M/s. Sesa Goa Ltd., as business income