Period of holding to be reckoned from ‘date of purchase’ & not from date of demat

ITAT MUMBAI BENCH ‘J’ Jafferali K. Rattonsey v. DCIT IT APPEAL NO. 5068 (MUM.) OF 2009 [ASSESSMENT YEAR 2006-07] JANUARY 25, 2012 ORDER R.K. Panda, Accountant Member – This appeal filed by the assessee is directed against the order dated 19.06.2009 of the Ld. CIT(Appeals)- Central II, Mumbai relating to Assessment Year 2006-07. 2. The grounds of appeals raised by the assessee are as under : “1.  The learned CIT(Appeals), erred in confirming the finding of the Assessing Officer in not considering the gains on the sale of shares of Rs. 4,94,51,910/- as l...