2010 (6) TMI 548

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..... d that the case involves a substantial question of law. The questions extracted above, by no stretch of imagination can be categorised as substantial question of law - Appeal is dismissed - 155 OF 2009 - - - Dated:- 18-6-2010 - J. CHELAMESWAR C., P.N. RAVINDRAN, JJ. P. Balakrishnan for the Appellant. P.K. Ravindranatha Menon for the Respondent. JUDGMENT J. Chelameswar, CJ. .....

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..... bovementioned amount represents the long term capital gain of the appellant accrued on account of the sale of shares held by him in the Federal Bank Limited. According to him, a total of 5750 shares shares were held by the appellant, his wife, daughter and son in the following manner: "Belongs to V.K. Natesan 1150 S. Preethy 1150 VP Vandana .....

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..... e facts and in the circumstances of the case the Tribunal is correct in law and fact in assessing the gains arising out of the sale proceeds of 5750 shares of the Federal Bank as short terms capital gains?" 7. Section 260A(1) of the Income-tax Act reads as follows: "An appeal shall be to the High Court from every order passed in appeal by the Appellate Tribunal before the date of establishment .....

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