https://www.taxtmi.com/caselaws?id=23138 The High Court upheld the Tribunal's decision, allowing the assessee to set off capital gains against a previous capital loss. It emphasized the importance of maintaining the identity and continuity of shares for computing gains or losses, ruling that subsequent events did not affect the valuation date for shares sold. The court's judgment clarified the treatment of shares in capital calculations, citing legal precedents to support the decision in favor of the assessee. en-us Fri, 09 Dec 1988 00:00:00 +0530 Thu, 17 Dec 2009 10:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23138 The High Court upheld the Tribunal's decision, allowing the assessee to set off capital gains against a previous capital loss. It emphasized the importance of maintaining the identity and continuity of shares for computing gains or losses, ruling that subsequent events did not affect the valuation date for shares sold. The court's judgment clarified the treatment of shares in capital calculations, citing legal precedents to support the decision in favor of the assessee. Case-Laws Income Tax Fri, 09 Dec 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23138