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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

LTCG - claim of the assessee denied - the astronomical growth of ...


Assessee's Long Term Capital Gains claim denied; extraordinary share value increase leads to delisting directive.

April 15, 2019

Case Laws     Income Tax     HC

LTCG - claim of the assessee denied - the astronomical growth of the value of company’s shares naturally excited the suspicions of the Revenue. The company was even directed to be delisted from the stock exchange.

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