Claim of LTCG on sale of Mutual Funds - Tribunal committed an ...

Tribunal Overlooked Amended Section 94(7) in LTCG Claim on Mutual Funds, Applied Old Law Instead.

April 4, 2014

Case Laws     Income Tax     HC

Claim of LTCG on sale of Mutual Funds - Tribunal committed an error in ignoring the fact that the decision in the case of the assessee for the earlier year was rendered in the background of un-amended section 94 – here, amended section 94 and in particular sub-section(7) had to be applied - HC

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