LTCG exempt 10(38)

  • Income Tax

Addition for bogus capital gain deleted as transaction took place before SEBI order

Addition for bogus capital gain in penny stock company deleted as shares were purchased and sold before order of SEBI…

5 months ago
  • Income Tax

Appeal Fee to be paid ITAT on appeal against Rectification order u/s 154 – ITAT Order

Appeal Fee to be paid to ITAT on appeal against Rectification order u/s 154– Residual clause of section 253(6)(d) not…

1 year ago
  • Income Tax

No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice

No Penalty u/s 271(1)(c) on filing revised return when no such questionnaire was issued with notice u/s 143(2) ABCAUS Case…

3 years ago
  • Income Tax

Income-tax Exemption for payment of deemed LTC fare for non-Central Government employees

Non-Central Government Employees also can now avail the benefit of income tax exemption on payment of cash equivalent of LTC…

3 years ago
  • Income Tax

Addition for investment in penny stock company set aside to show how assessee involved in Company

Addition for investment in penny stock company remitted to record how assessee involved in promoting company and how inflated shares…

4 years ago
  • Income Tax

Sale of shares-Capital Gain or business income? ITAT explains the Law in assessee’s favour

Sale of shares-Capital Gain or business income ? ITAT explains law in assessee's favour quoting CBDT Instructions / Circulars and…

5 years ago
  • Income Tax

LTCG exemption denied for Penny stock set aside by ITAT as AO not confronted the assessee

LTCG exemption denied for Penny stock set aside by ITAT as AO had placed reliance on documents not confronted to…

5 years ago
  • Income Tax

Merely because share prices rose abnormally exemption u/s 10(38) can not be denied

Merely because share prices rose abnormally or other persons involved bogus transactions, Long Term Capital Gain exemption u/s 10(38) can…

5 years ago
  • Income Tax

Exemption from STT chargeability u/s 10(38) on sale of equity shares. CBDT Notifies exempt transactions.

Sale of long term equity shares chargeable u/s 10(38) from AY 2018-19 if not chargeable to securities transaction tax  CBDT…

7 years ago