High Court Upholds Short-Term Capital Gain Classification for 2005 Transfer of Rights Acquired in 2004.

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....LTCG or STCG - the right accrued to assessee in 2004 came to be transferred along with M/s.Damodar Sons & Co only in 2005 – thus, the Assessing Officer was justified in saying it is a short term capital gain and not long term capital gain - HC....