There was a genuine transaction of purchase and sale of shares ...

Long Term Capital Gain from Share Sale Exempt from Tax u/s 10(38), Not Taxable u/s 68.

November 9, 2018

Case Laws Income Tax AT

There was a genuine transaction of purchase and sale of shares on which assessee has earned Long Term Capital Gain, and therefore, such Long Term Capital Gain cannot be taxed u/s. 68. Since Long Term Capital Gain is exempted u/s. 10(38), therefore, no addition is called for

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There was a genuine transaction of purchase and sale of shares ...

Long Term Capital Gain from Share Sale Exempt from Tax u/s 10(38), Not Taxable u/s 68.

November 9, 2018

Case Laws Income Tax AT

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