2015 (7) TMI 1233 - HC - Income Tax

Assessment of income - income earned on sale/redemption of investment - chargeability to tax - Held that - Following question is framed for determination Whether the ITAT was correct in law in holding that the income earned on sale/redemption of investment is chargeable to tax?

Summary

The High Court of Delhi condoned the delay in re-filing the appeal. The court admitted the appeal related to the Assessment Year 2005-06. The main question for determination was whether the income earned on sale/redemption of investment is taxable. Additional documents can be filed within four weeks, and the case was listed for further hearing on 19th August 2015.