https://www.taxtmi.com/caselaws?id=24857 The court upheld the Commissioner's decision regarding capital gains arising from the sale and resale of shares in a company. The court found that the intention of the parties was clear that if any shares remained unsold due to lack of permissions, even the shares already transferred had to be resold and the amounts repaid. The appeals were dismissed, and each party was directed to bear their respective costs. en-us Fri, 04 Dec 1987 00:00:00 +0530 Fri, 22 Jan 2010 17:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24857 The court upheld the Commissioner's decision regarding capital gains arising from the sale and resale of shares in a company. The court found that the intention of the parties was clear that if any shares remained unsold due to lack of permissions, even the shares already transferred had to be resold and the amounts repaid. The appeals were dismissed, and each party was directed to bear their respective costs. Case-Laws Income Tax Fri, 04 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24857