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Case Law Details

Case Name : CIT Vs. Gopal Purohit (Bombay High Court)
Related Assessment Year :
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RELEVANT PARAGRAPH

The following questions of law have been formulated in the appeal filed by the revenue against the judgement of the Income Tax Appellate Tribunal, dated 10th February 2009:

“a) Whether, on the facts and circumstances of the case and in law, the Honourable 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 and sale of 3

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