Exemption u/s 10(38) can’t be denied if LTCG not included as book profits u/s 115JB
December 29, 2024
High Courts, Income Tax
Proviso to Section 10(38) of the Act cannot be read in the reverse to mean that if the gains are not included as book profits under Section 115JB of the Act, the exemption u/s 10(38) can be denied – High Court In a recent judgment, Hon’ble High Court …