(Per : HONOURABLE MR.JUSTICE AKIL KURESHI)
1. Tax Appeal is admitted for consideration of following substantial questions of law :
[A] Whether on facts and in circumstances of the case and in law, the Income Tax Appellate Tribunal is right in directing the Assessing Officer to treat a sum of Rs.62,67,753/- a short term capital gain and not business income?
[B] Whether on facts and in circumstances of the case and in law, the Income Tax Appellate Tribunal is right in upholding the order of the CIT (Appeals) in directing the Assessing Officer to treat the sum of Rs.18,40,348/- as long term capital gain and not business income?
To be heard with Tax Appeal No.1361 of 2011.
[AKIL KURESHI, J.] [HARSHA DEVANI, J.] parmar* HC-NIC Page 1 of 1 Created On Fri Feb 12 03:00:12 IST 2016