Transaction of shares not being in penny stocks can’t be covered by CBDT Circular: ITAT upholds order of DCIT [Read Order]

Transaction of shares not being in penny stocks covered by CBDT Circular - ITAT upholds order of DCIT - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Transaction of shares not being in penny stocks canoot be covered by CBDT circular owing to low tax effect It was submitted that the present appeal is in respect of Long Term Capital Gain earned by the assessee on sale of shares of…

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
taxscan-loader