The Assessing Officer assessed the income from the purchase and sale of shares  business income as against capital gains shown by the assessee. Orders were affirmed by the Tribunal and affirmed by High Court. On SLP Court order of High Court affirmed for the AY. 2010-11. For the  assessment year 2006-07, since the assessee had availed of the benefit under the Direct Tax Vivad Se Vishwas Scheme and a certificate under the Scheme had been issued and since the assessee had filed an application for rectification of some errors, which had been partly allowed and another application was pending, the special leave petition in so far as relating to this year was dismissed as withdrawn. For the assessment year 2008-09 special leave was  granted in respect of income or capital gains earned on sale of shares of J. K. Investo Trade Ltd., Munjal Showa  Ltd. and Samlel Colours  Ltd..(AY.2006-07, 2008-09, 2010-11)