https://www.taxtmi.com/caselaws?id=11501 The court ruled that the appellant acquired legal title to shares on the date of receiving share certificates, May 31, 1988. Consequently, the capital gains from the share transfer were considered short-term, leading to the dismissal of the appellant's appeal. The court emphasized the significance of the date of acquisition in determining the nature of capital gains for taxation purposes. en-us Mon, 30 Sep 2002 00:00:00 +0530 Tue, 11 Aug 2009 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11501 The court ruled that the appellant acquired legal title to shares on the date of receiving share certificates, May 31, 1988. Consequently, the capital gains from the share transfer were considered short-term, leading to the dismissal of the appellant's appeal. The court emphasized the significance of the date of acquisition in determining the nature of capital gains for taxation purposes. Case-Laws Income Tax Mon, 30 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11501