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2021 (7) TMI 943 - AT - Income TaxBogus LTCG - Addition u/s 68 - denial of claim of exemption u/s 10(38) - HELD THAT:- Tribunal in the case of Shivnarayan Sharma & others [2021 (7) TMI 210 - ITAT INODRE] is squarely applicable on the common issues raised in the instant appeals and thus taking consistent view and respectfully following decisions and judgments referred hereinabove, we set aside the finding of CIT(A) and direct the AO to allow claim of the exemption of u/s 10(38) of the Act for Long Term Capital Gain earned from sale of listed equity shares of Sunrise Asian Ltd. which have been effected through recognized stock exchange, after making payment of Security Transaction Tax (STT) and holding the equity shares for more than 12 months. Thus, the addition in the case of Smt. Manorama Devi Sharma and in the case of Shri Pratap Bajaj stands deleted.
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