2018 (7) TMI 196 - SCH - Income Tax

Exigibility to capital gains tax - Transfer exigible to tax - JDA - Scope and legislative intent of Section 2(47)(ii), (v) and (vi) - essential ingredients for applicability of Section 53A of 1882 Act - Meaning to be assigned to the term possession - Whether in the facts and circumstances, any taxable capital gains arises from the transaction entered by the assessee? Held that - In view of the judgment passed by this Court COMMISSIONER OF INCOME TAX VERSUS BALBIR SINGH MAINI, CS ATWAL 2017 (10) TMI 323 - SUPREME COURT OF INDIA the Special Leave Petition stands dismissed.

Summary

The Supreme Court of India, in 2018 (7) TMI 196, with judges Mr. Rohinton Fali Nariman and Mr. Navin Sinha, dismissed the Special Leave Petition based on a previous judgment from 04.10.2017 in Civil Appeal No. 15619 of 2017.