The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that the share held as an investment can be allowed as a long-term capital gain. Shri Dipakbhai Harishchandra Shah, the assessee challenged the order passed by the Commissioner of Income Tax(Appeals), Gandhinagar (CIT(A)) under section 250(6) of the Income Tax Act, 1961. The AO…
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