M/S.SHEETAL REAL vs. INCOME TAX OFFICER

In the result, the appeal fails and the substantial questions of law

Bench: DR. JUSTICE S. MURALIDHAR (CJ),MR. JUSTICE R.K.PATTANAIK

42 of 60 gain on which STT was paid. 21. The tribunal examined the facts of the case and found that the capital gains arose from the sale of shares of four companies and the purchase of those shares were made in the preceding financial year namely the financial year 2002-2003. The number of shares purchased was considered

PRINCIPAL COMMISSIONER OF INCOME TAX-2 vs. M/S.JAGANNATH CHAUDHURY