Date of Sales / Purchase not to be excluded in Computing period of holding for Capital Gain

CA Sandeep Kanoi Hon’ble Delhi HC has held in the case of ‘Bharti Gupta Ramola Vs. CIT’ that  For computing holding period of asset both date on which asset is acquired & date on which said asset is sold or  transferred are not to be excluded. During the financial year 2005-06, the appellant had sold two mutual fund instruments on 29th September, 2005 and 14th October, 2005 and had shown the income earned as long term capital gains of Rs.18,31,241/- and Rs.2,72,386/- respectively. The aforesaid mutual fund instruments/units were purchased by the appellant assessee on 29...