https://www.taxtmi.com/caselaws?id=14233 The High Court of Gujarat held that the determination of capital gains on the sale of equity shares should follow the Supreme Court's principles in Escorts Farms (Ramgarh) Ltd. v. CIT [1996] 222 ITR 509. The court emphasized the relevance of Shekhawati General Traders Ltd.'s case [1971] 82 ITR 788 (SC) for exceptional situations. The references were disposed of without costs, providing clarity on applying legal principles in similar cases. en-us Thu, 11 Jan 2001 00:00:00 +0530 Tue, 14 Jul 2009 16:02:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14233 The High Court of Gujarat held that the determination of capital gains on the sale of equity shares should follow the Supreme Court's principles in Escorts Farms (Ramgarh) Ltd. v. CIT [1996] 222 ITR 509. The court emphasized the relevance of Shekhawati General Traders Ltd.'s case [1971] 82 ITR 788 (SC) for exceptional situations. The references were disposed of without costs, providing clarity on applying legal principles in similar cases. Case-Laws Income Tax Thu, 11 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14233