Case Law Details
Case Name : Mrs. Neelu Analjit Singh Vs The Addl. Commissioner of Income tax (ITAT Delhi)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
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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...
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