TaxTMI 
TaxTMI 
2000 (11) TMI 11
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....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 ....