Exemption u/s. 54EA - transfer of shares held as stock-in-trade ...

Unlisted DSPML shares transfer taxed as capital gains, qualifying for exemption u/s 54EA of the Income Tax Act.

October 27, 2023

Case Laws Income Tax AT

Exemption u/s. 54EA - transfer of shares held as stock-in-trade - transfer of unlisted shares of DSPML is to be taxed under the head “capital gains” irrespective treating it as business income is set aside and the transfer of shares is treated as capital gains. Once, the gains arising of transfer of shares of DSPML is capital gains, then, the assessee is entitled for exemption u/s. 54EA - claim of deduction / exemption u/s. 54EA is allowed. - AT

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Exemption u/s. 54EA - transfer of shares held as stock-in-trade ...

Unlisted DSPML shares transfer taxed as capital gains, qualifying for exemption u/s 54EA of the Income Tax Act.

October 27, 2023

Case Laws Income Tax AT

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