Rajasthan HC upholds ITAT Decision Deleting Addition Made on Capital Gain from Share Sale, Dismisses Income Tax Dept’s Appeal [Read Order]

The income tax department failed to substantiate claims of irregularities or contradictory evidence against the respondent- assessee’s submissions
By Navasree A.M - On June 21, 2024 12:45 pm - 2 mins read
Rajasthan High Court - ITAT Decision - Capital Gain - Share Sale - Income Tax Dept Appeal - taxscan

The Rajasthan High Court, while dismissing the appeal filed by the Income Tax Department under Section 260A of the Income Tax Act, 1961 challenging the order passed by the Income Tax Appellate Tribunal ( ITAT ), upheld the decision on deleting the addition made on Capital Gain from sale of shares. The case arises from…

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