Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2022 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (9) TMI 979 - MADRAS HIGH COURTRevision filed u/s 264 - petitioner had filed a return of income within time wherein it claims to have inadvertently failed to seek exemption u/s 10 (38) in respect of shares sold in the stock exchange through recognised stock exchange brokers - HELD THAT:- The conclusion of the revisional authority in this matter is erroneous in law. The claim of the petitioner under Section 10(38) is liable to be accepted subject to the claim being in order. Impugned order is set aside for the limited purpose of enabling R1 to call for a report from R2, and decide the question of exemption claimed, on merits.
|