2019 (4) TMI 1193

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ch the revenue had also accepted. We do not find any error in view of tribunal. The tribunal had noted that in the earlier years the assessee had suffered loss. Therefore in the current year if the income was to be treated as business income, capital loss of the earlier year would not be assessable against such income. It appears that the Assessing Officer desired to tax income as business inco .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and in law, the Hon'ble ITAT erred in deleting the disallowance made by the A.O. of STCG amounting to ₹ 5,60,07,489/as Business Income? 2. The Respondent Assessee is an individual. The issue raises out of her return of income for the year 200607. She had offered the gain of ₹ 5.60 Crores (rounded of) upon sale of shares as short term capital gain. The Assessing Officer .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X