M/S.SHEETAL REAL vs. INCOME TAX OFFICER
In the result, the appeal fails and the substantial questions of law
ITA/83/2010HC Orissa08 Feb 2022
Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 260ASection 372A
Section 2 of the Act, shares held
for more than 12 months were long term capital assets giving rise to long
term capital gains and those held for not more than 12 months were short
term capital assets giving rise to short term capital gains and the assessee
cannot be put to prejudice or faulted for availing exemption in accordance
