Kavita Panjwani, Indore vs Assessee on 22 January, 2013
Reference can be made to the decision of Hon'ble
Supreme Court in the case of Sun Engineering Pvt.
Ltd. Vs. C1T 198 ITR. Further since that appellant
has referred to decisions of various Benches of the
Tribunal ill his support it would be worthwhile to
refer that in the case cited below tribunal Oil
appreciation of facts and surrounding
circumstances of the case upheld the AD's action in
not accepting the claim of assessee in long term
capital gain Oil sale of shares: