https://www.taxtmi.com/caselaws?id=181041 The Tribunal upheld the CIT(A)'s decision, considering the date of allotment as the acquisition date and rejecting the Revenue's argument based on the Demat credit date. The sale of shares was treated as Long Term Capital Gain, qualifying as a long-term capital asset held for more than 12 months. en-us Fri, 29 Jul 2011 00:00:00 +0530 Wed, 06 Apr 2016 11:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181041 The Tribunal upheld the CIT(A)'s decision, considering the date of allotment as the acquisition date and rejecting the Revenue's argument based on the Demat credit date. The sale of shares was treated as Long Term Capital Gain, qualifying as a long-term capital asset held for more than 12 months. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181041