(Per : HONOURABLE MR.JUSTICE V. M. SAHAI) We have heard Mr. M.R. Bhatt learned Senior Standing counsel assisted by Mrs. Mauma M. Bhatt, learned Standing Counsel for the revenue.
ADMIT.
We formulate the following substantial question of law which arises in this appeal :-
"Whether on the facts and in the circumstances of the case, the Tribunal is right in upholding the CIT(A)'s order directing the Assessing Officer to tax the income arising from the transfer of shares as short term capital gain instead of business income ?"
Issue notice to the other side. Paper book be filed within 3 months. Connect with Tax Appeal Nos.1070 to 1088 of 2011.
[V.
M. SAHAI, J.] [N.
V. ANJARIA, J.] Savariya Top