2005 (2) TMI 100

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... gainst an order dated June 29, 2004, passed by the Income-tax Appellate Tribunal in I. T. A. No. 569/Ind/1999. The question that arises for consideration in this appeal is whether the appeal involves any substantial question of law as is required to be made out under section 260A of the Income-tax Act, for admission of appeal. Heard Shri R. L. Jain, learned senior counsel with Ku. V. Mandlik, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the factual finding recorded by the Tribunal. Admittedly, the assessee is a company engaged in the business of investment shares/securities/debentures. The object of the company also clearly show this. In this view of the matter any income derived from sale/purchase shares whether quoted in the stock exchange or unquoted has to be held a business income or one may say income from business and not .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X