This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Unlisted shares sold before 11.07.2014 eligible for benefit of short holding period
Case Law Details
- Case Name
- Mrs. Neelu Analjit Singh Vs The Addl. Commissioner of Income tax (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Mrs. Neelu Analjit Singh Vs Addl. CIT (ITAT Delhi)
The issue under consideration is Unlisted shares sold after holding for 23 months considered as Long Term Capital Gains or Short Term Capital Gains?
In the present case, assessee purchased unlisted company’s shares in financial year 2012-13 and sold in the assessment year 2014-15, she computed the indexed cost of acquisition of those shares. AO reached at the conclusion that assessee had shown above shares as ‘long-term capital asset’ whereas they were held for less than 36 months and therefore they are ‘short-term capi...
Thanks for sharing this information with us keep writing and keep sharing.