PR CIT 9 KOLKATA vs. GIRISH TIKMANI
In the result, these appeals are allowed and the substantial
ITAT/156/2021HC Calcutta14 Jun 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
purchased 50,000 shares of the company for Rs. 1,00,000/- on 16.03.2012
and 14.08.2012. Soon after the expiry of the period to become eligible for
long term capital gains, the assessee sold those shares for Rs. 29,23,500/-
and such sales were effected during the period from 04.12.2013 to
07.12.2013 and the long term capital gains (LTCG