In the result, the appeal of the assessee is partly allowed
Bench: Shri A. T. Varkey, Jm & Dr. A. L. Saini, Am]
68,745 equity shares on the basis of a sap ratio of 1:3.80. Since assessee did not receive any consideration in cash she filed her return without computing any capital gains. During the FY 2013-14 the assessee when made aware that the said 2 Smt. Saroj Devi Bawri., AY- 2011-12 transaction may attract capital gain tax liability