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
transfer thereof is short-term
capital gains. Hence any period of less than 12 months, be it a few days or
few months is of holding the shares does not make any difference, in any
case, the transaction would result in short-term capital gains. Further the
ITA/83/2010
REPORTABLE
Page 39 of 60
assessee contended that short-term capital gains
