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Income Tax - Highlights / Catch Notes

Home Highlights August 2023 Year 2023 This

Income from other sources or LTCG - When documentary evidences ...

Case Laws     Income Tax

August 3, 2023

Income from other sources or LTCG - When documentary evidences indicate that both the vendor and the vendee, i.e., the assessee and DLF Ltd. have treated the payment of Rs. 7.20 crores as control premium on sale of shares, there is no occasion for the Assessing Officer to rewrite the terms of agreement between the parties unilaterally. - Claim of assessee as long-term capital gain (LTCG) allowed - AT

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