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
215 ITR 96, Madras
ITA/83/2010
REPORTABLE
Page 8 of 60
a capital was held for less than 12 months is a short-term capital asset and
capital gains arising on transfer thereof is short-term capital gain. Hence,
any period of less than 12 months or few days or few months of holding of
shares does not make any difference
