https://www.taxtmi.com/caselaws?id=64516 The Tribunal partly allowed the appeal, determining that the transfer of shares should be classified as "capital gains" rather than an adventure in the nature of trade. The issue of notional capital gains was remanded to the Assessing Officer for reconsideration in light of the Tribunal's decision, with directions to provide a fair opportunity to both parties and to reassess the deduction under section 54-E. en-us Fri, 28 Feb 1997 00:00:00 +0530 Tue, 08 Feb 2011 12:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64516 The Tribunal partly allowed the appeal, determining that the transfer of shares should be classified as "capital gains" rather than an adventure in the nature of trade. The issue of notional capital gains was remanded to the Assessing Officer for reconsideration in light of the Tribunal's decision, with directions to provide a fair opportunity to both parties and to reassess the deduction under section 54-E. Case-Laws Income Tax Fri, 28 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64516