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    <title>2011 (12) TMI 594 - ITAT KOLKATA</title>
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    <description>The Tribunal allowed the appeal filed by the assessee, overturning the decision of the lower authorities. It held that the capital gain on the sale of shares should be treated as long-term, not short-term, based on the date of the contract of sale. The judgment was pronounced in open court on 14/12/2011.</description>
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      <description>The Tribunal allowed the appeal filed by the assessee, overturning the decision of the lower authorities. It held that the capital gain on the sale of shares should be treated as long-term, not short-term, based on the date of the contract of sale. The judgment was pronounced in open court on 14/12/2011.</description>
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