Date of Sale/Transfer of Shares included in Holding Period Calculation for Capital Gain: ITAT upholds CIT(A) Decision [Read Order]

In a dispute over the holding period of capital gain, ITAT clarifies that the date of sale and transfer of shares are included in determining the holding period and upholds the CIT(A) decision
By Kavi Priya - On August 25, 2024 10:21 am - 2 mins read
CIT(A) - ITAT Upholds - Capital Gain - Income Tax Appellate Tribunal - Date of Sale - CIT(A) Decision - Commissioner of Income Tax (Appeals) - taxscan

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the Commissioner of Income Tax (Appeals) [CIT(A)] decision regarding determining capital gains. The tribunal confirmed the calculation of the holding period for capital gains including the date of sale and transfer of shares. Kuwait Investment Authority, the assessee filed its income tax…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader