Determining capital Gain on sale of shares received in exchange ...

Court Rules on Capital Gain from Sale of Shares: Creditor Payments Not Considered Acquisition Costs Lacking Evidence.

May 7, 2022

Case Laws Income Tax AT

Determining capital Gain on sale of shares received in exchange of membership of the broking concern - dues paid to certain creditors of the broking concern as cost of shares - the theory of payment to creditor for obtaining shares of membership of the stock exchange is only an ipse dixit of the assessee, devoid of cogent corroborative material. - AT

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Determining capital Gain on sale of shares received in exchange ...

Court Rules on Capital Gain from Sale of Shares: Creditor Payments Not Considered Acquisition Costs Lacking Evidence.

May 7, 2022

Case Laws Income Tax AT

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