Transfer of Shares under Dispute can’t be subject to Income Tax: ITAT [Read Order]

By Taxscan Team - On January 25, 2022 4:49 pm - 2 mins read

Transfer of Shares - Income Tax - ITAT - Taxscan

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the transfer of shares under dispute cannot be subject to capital gain under the provisions of the Income Tax Act, 1961. The assessee had received a sum of Rs.40 crores from ILFS on account of shares of ATS Estate (P) Ltd., taken by…

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