ACIT, NEW DELHI vs. SHRI RAJIV KAPOOR, NEW DELHI

In the result, the appeal of the Revenue stands dismissed

Bench: Shri J.S. Reddy & Shri Laliet Kumarita No. 4989/Del /2012 [Assessment Year: 2008-09] The A.C.I.T Vs. Shri Rajiv Kapooor Circle - 22(1) C/O H.L. Kapoor Investment & New Delhi Financial Consultants 5, Trimurti Building [Basement], Community Centre, New Friends Colony, New Delhi Pan : Aampk 0195 Q [Appellant] [Respondent] Department By : Shri Kartar Singh, Cit-Dr Assessee By : Shri Amit Sharma, Ca Shri Prashant Sharma, Ca Date Of Hearing : 09.03.2016 Date Of Pronouncement : 10.03.2016 Order

111A. Thus, the statute categorically allows that shares may be capital assets, and specifically short term capital assets, even if held for a duration of 1 day or just under 12 months. {4.2} It has further been argued on behalf of the appellant that circular No. 4 dated 15.06.2007 of the CBDT provides that an assessee may be both

NARENDRA AGGARWAL,NEW DELHI vs. PR. CIT- 7, DELHI