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Holding period for purposes of computation of capital gain is relevant only in relation to shares held as investment
Case Law Details
- Case Name
- Walfort Financial Services Ltd. Vs. Addl. CIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2005- 2006
- Courts
- All ITAT, ITAT Mumbai
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CASE LAWS DETAILS
DECIDED BY: ITAT, `G’ BENCH, MUMBAI, IN THE CASE OF: Walfort Financial Services Ltd. Vs. Addl. CIT , APPEAL NO: ITA No. 847/M/2009, DECIDED ON June 30, 2010
_______ORDER________
PER RAJENDRA SINGH (AM)
These crOss appeals are directed against the order dated 20.11.2009 of CIT(A) for the assessment year 2005-06. As these appeals which relate to the same year were heard together, these are being disposed off by a single consolidated order for the sake of convenience.
2. We first taken up the appeal of the assessee in ITA No. 847/M/2009. The only dispute raised by the asse...
