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2022 (8) TMI 81 - AT - Income TaxBeneficial tax rate under section 112(1) - sale of the equity shares - HELD THAT:- As examined the decision of the Hon’ble Jurisdiction High Court in case of Cairn UK Holdings Ltd.[2013 (10) TMI 430 - DELHI HIGH COURT] we find, the Hon’ble Delhi High Court after analyzing the provisions of section 48 and 112(1) of the Act has concluded that the assessee is entitled to avail the beneficial tax rate u/s 112(1) of the Act. Thus, in view of the aforesaid binding precedent of the Hon’ble Jurisdictional High Court, we do not find any infirmity in the decision of learned Commissioner (Appeals).
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