In the result, both the assessee’s and the Revenue’s appeals are partly allowed and partly allowed for statistical purposes

Bench: Shri Sanjay Arora & Shri Manomohan Dask.P. Johny Asst. Cit, Manappuram House Circle – 2(1) Hospital Road, Chalakkudy Aayakar Bhavan Vs. Thrissur 680307 Sakthan Thampuran Nagar [Pan:Acgpj4958G] Thrissur 680001 (Appellant) (Respondent) Asst. Cit, K.P. Johny Circle – 2(1) Manappuram House Aayakar Bhavan Hospital Road, Chalakkudy Vs. Sakthan Thampuran Nagar Thrissur 680307 Thrissur 680001 [Pan: Acgpj4958G] (Appellant) (Respondent)

long-term capital gain on 500 shares, at rs. 291.53 lacs and rs. 2.93 lacs respectively. Thus, while the assessee claims to have received only Rs.50 lakhs, as per the AOhe has received Rs.337.50 lakhs, even if indirectly in part, i.e., Rs.287.50 lakhs. Further, while the AO has based his findings on the sale agreement and, as we shall presently