Holding period for purposes of computation of capital gain is relevant only in relation to shares held as investment

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...