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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Capital gain computation on sale of shares - only because of one ...


Taxpayer's Capital Gains Impacted by Unmet CCD Transfer Condition, Shares Sold at Reduced Price within Group Entities.

March 18, 2019

Case Laws     Income Tax     AT

Capital gain computation on sale of shares - only because of one of the condition was not satisfied for transfer of CCDs, therefore, assessee had to sell the shares at a lower price - Merely because transaction was carried-out within the Group concerns, by itself, is no ground to reject the explanation of assessee.

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