2015 (1) TMI 836 - SCH - Income Tax

Nature of income STCG or business income - Held that - Income derived from sale of shares was not business income but capital gains. Decided against Revenue. SLP dismissed.

Summary

The Supreme Court of India dismissed the Special Leave Petitions in Appeal No. ITA 1102/2011 against the High Court decision (2014 (4) TMI 682 - DELHI HIGH COURT). Justices Ranjan Gogoi and Rohinton Fali Nariman heard the case. The delay was condoned, and no legal grounds for interference were found.