D.C.I.T., CIRCLE-1, DIBRUGARH vs. RAVI BAMALWA, DIBRUGARH

In the result, all the appeals of the Revenue are dismissed and that of the Cross Objections of the assessees are allowed

Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar

80-129 of PB-4), therefore the gains were made after holding period of more than three years which cannot not be considered as a short period. The Assessee had purchased the shares of Jackson InvestmentLimited when it was traded in Calcutta Stock Exchange the script was later delisted andagain listed in Bombay Stock Exchange. The listing price