2001 (4) TMI 920

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..... per return short term capital gain was ₹ 4,31,938/- and ₹ 5,73,738/- as against the long term capital gain at ₹ 7,84,422/- and ₹ 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 recorded that there was any conversion. The Tribunal after .....

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..... ares 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. (ix) The shares were never held as stock-in-trade. (x) Shares purchased were never sub-divided into group wit .....

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