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
Capital Gains of Rs.191,11,60,784/- on account of purchase and sale of shares of M/s. Sesa Goa Ltd. as business income. (b) The CIT(A) erred in confirming the addition based on his erroneous observations without confronting the appellant with such observations. The addition in the sum of Rs.191,11,60,784/- confirmed