Addition u/s 68 - assessee claiming the income from long term ...

Assessee's LTCG on listed shares exempt u/s 10(38); properly disclosed, no Section 68 addition needed.

June 3, 2016

Case Laws Income Tax AT

Addition u/s 68 - assessee claiming the income from long term capital gain (LTCG) on sale of listed equity shares and subjected to STT as exempt under section 10(38) - transaction was duly disclosed in the audited Balance Sheets filed with the return - No addition - AT

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Addition u/s 68 - assessee claiming the income from long term ...

Assessee's LTCG on listed shares exempt u/s 10(38); properly disclosed, no Section 68 addition needed.

June 3, 2016

Case Laws Income Tax AT

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