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G.C.GUPTA, D.KARUNAKARA RAO
Mukesh G. Desai (HUF) – Appellant
Versus
Income-tax Officer – Respondent
2. Briefly stated, the facts of the case are that the assessee is an HUF and sold the shares of M/s. Prasidhi Exports Ltd. on different dates and earned capital gains. The details of dates of the sale of shares and the amount of sale considerations are as follows :—
| Sale Date | Amount in Rs. |
| 13-5-1995 | 6,49,025 |
| 25-5-1995 | 5,00,000 |
| 3-6-1995 | 5,99,000 |
| 15-7-1995 | 4,99,250 |
| 25-9-1995 | 6,98,950 |
| 13-1-1996 | 74,850 |
| Total Sale Consideration | 30,21,075 |
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