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From the Courts »
 Prabhatam Investment Pvt. Ltd vs. ACIT (ITAT Delhi)
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 CST vs. Sunil Haribhau Pote (Bombay High Court)

CIT V Vs. NASA FINELEASE P LTD
September, 10th 2013

Revenue, by this appeal under Section 260A of the Income Tax Act 1961 (Act, for short), has raised a solitary issue relating to interpretation of clause (d) to Section 43(5) of the Act. For the purpose of record, we note that the appeal pertains to assessment year 2006-07. The respondent-assessee is engaged in the business of dealing in securities and investment and was engaged by Kotak Mahindra Securities to manage their funds and earn income in nature of profits/gains or dividends from dealing with securities. The assessee

 
 
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