Capital Gain arising out of Transfer of shares of an Indian entity cannot be Taxed at Hands of Foreign Entity in India: ITAT [Read Order]

While allowing the appeal, the ITAT directed the AO to delete the additions of capital gains, made in the hands of assessee
ITAT mumbai - Income Tax Appellate Tribunal - ITAT - Capital Gain - Indian entity - Foreign Entity - out of Transfer - ITAT NEWS - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT )  held that capital gain arising out of transfer of shares of an Indian entity cannot be taxed at hands of foreign entity in India when foreign entity has less than 10% shareholding in such an Indian entity. India Opportunity Fund I F.C.R DE…

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