https://www.taxtmi.com/caselaws?id=331382 The High Court of Bombay upheld the decisions of the lower authorities in a case concerning Long Term Capital Gain and the sale of shares. The Court dismissed the appeal, ruling in favor of the respondent-assessee regarding the proof of cost of acquisition of shares and the reflection of transfers in the Share Transfer Register. The Court found the explanations provided by the respondent satisfactory, emphasizing that the responsibility for tax compliance rested with the vendors. The appeal was dismissed, with the Court stating that no substantial question of law arose from the issues presented. en-us Tue, 02 Aug 2016 00:00:00 +0530 Mon, 22 Aug 2016 16:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331382 The High Court of Bombay upheld the decisions of the lower authorities in a case concerning Long Term Capital Gain and the sale of shares. The Court dismissed the appeal, ruling in favor of the respondent-assessee regarding the proof of cost of acquisition of shares and the reflection of transfers in the Share Transfer Register. The Court found the explanations provided by the respondent satisfactory, emphasizing that the responsibility for tax compliance rested with the vendors. The appeal was dismissed, with the Court stating that no substantial question of law arose from the issues presented. Case-Laws Income Tax Tue, 02 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331382