2001 (4) TMI 920

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....ENT COMON ORAL ORDER (Per : MR.JUSTICE B.C.PATEL) Admittedly as per return short term capital gain was Rs. 4,31,938/- and Rs. 5,73,738/- as against the long term capital gain at Rs. 7,84,422/- and Rs. 6,86,333/for Assessment Yerar 1993-94 and 1994-95 respectively, which is clear from the record. It is also clear that the shares were not shown as stock-in-trade and there was no finding rec....

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....res have been acquired by way of subscription to the public issue. (v) The shares have been held for fairly long period. (vi) The shares once sold have never been repurchased. (vii) In the immediately preceding years, the shares shown have been accepted as investments. (viii) The purchase of shares was with an intention of keeping them as investment. (i....