Assessee liable for long-term capital gains on share sale per Madras HC ruling.

The Madras HC held that the assessee is liable for long-term capital gains on the sale of shares, considering the buyer's price for share calculation. The ruling favored the Revenue without costs awarded.

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The Madras High Court considered whether the assessee is liable for long-term capital gains on the sale of shares. The decision was based on a previous case ruling that the price paid for shares by the buyer should be considered for calculating capital gains. The judgment favored the Revenue and no costs were awarded.

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