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CIT vs. Gopal Purohit – SC dismisses Special Leave Petition against the judgment of Bombay High Court
Case Law Details
- Case Name
- The Commissioner of Income Tax Vs. Gopal Purohit (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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CIT Vs. Gopal Purohit – (Supreme Court) – The Supreme Court vide order dated 15.11.2010 dismissed the Department’s Special Leave Petition against the judgment of the Bombay High Court in CIT vs. Gopal Purohit 228 CTR 582 (Bom).
In an appeal u/s. 260A of the Income-tax Act, 1961 by the Revenue before the Bombay High Court, the following two queries were raised:
“a) Whether, on the facts and circumstances of the case and in law, the Hon’ble ITAT was justified in treating the income from sale of 7,59,003 shares for Rs. 5,00,12,879/- as an income from short-term capital gain...
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Jamshed F. Mehta