SHRI NEERAV SHAILESH PAREKH,,AHMEDABAD vs. THE DEPUTY COMMISSIONER OF INCOME TAX, CIRCLE-11,, AHMEDABAD

In the result, appeal of the assessee is allowed

Bench: Ms. Suchitra Kambleassessment Year: 2008-09

Gain (LTCG)/loss to the extent of Rs.15,98,578/-. The Assessing Officer further observed that the assessee purchased 36 shares on 08.06.2001 for a consideration of Rs.2000/- per share and 165 shares purchased on 20.09.2005 for a consideration of Rs.105/- per share. The Assessing Officer observed that the shares are held by the descendent of Late Shri Chamanlal Girdharlal

SHAH RAKESH BHIKHABHAI (HUF),AHMEDABAD vs. THE PCIT, AHMEDABAD-1, AHMEDABAD

In the result, the appeal filed by the assessee stands dismissed