2000 (11) TMI 11

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....wivedi and Ms. Sushma Suri, Advocates) For the Respondent : Sameer Parekh , Ms. Indo Verma and P. H. Parekh, Advocates JUDGMENT The High Court declined to call for a reference of the following question proposed by the Revenue: "Whether the Appellate Tribunal is right in law and on facts in holding that the surplus realised on sale of shares is a capital gain exempt under section ....