Exemption u/s 10(38) - New shares are purchased deploying funds ...

Exemption Claim Denied: Section 10(38) Inapplicable for New Shares Bought with Sale Proceeds of Other Shares.

September 17, 2013

Case Laws Income Tax AT

Exemption u/s 10(38) - New shares are purchased deploying funds realized on the sale of such shares. To contend, therefore, of some such shares as being capital assets on the premise that the same are sold beyond one year of their purchase, is, therefore, clearly untenable. - AT

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Exemption u/s 10(38) - New shares are purchased deploying funds ...

Exemption Claim Denied: Section 10(38) Inapplicable for New Shares Bought with Sale Proceeds of Other Shares.

September 17, 2013

Case Laws Income Tax AT

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