Retraction of surrender of LTCG - Transaction were accepted as ...

Income Tax

August 28, 2021

Retraction of surrender of LTCG - Transaction were accepted as bogus but later claimed as Genuine - Subsequent event of the SEBI order holding the transaction in the said scrip to be genuine was sufficient enough for the assessee to raise a legitimate ground before the Ld. CIT(A) for claiming the Long Term Capital Gains earned as exempt. - CIT(A) directed to admit the additional ground raised by the assessee and thereafter adjudicate the same in accordance with law - AT

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