Dabur Invest Corp v. JCIT (2021) 210 TTJ 785 / 202 DTR 209 (Delhi)(Trib.)

S. 4 : Charge of income-tax-Option price received from joint ventures for getting right to acquire further shares in joint venture company-Advance towards sale price of shares-Capital receipt [S. 28(i), 45]

Tribunal held that option price received from CUIH  against to sell the shares of  joint ventures company  for getting right to acquire further shares in joint  venture company is advance towards sale price of shares  which is Capital receipt  which requires an adjustment only at the time of transfer of shares by the assessee  to CUIH while working out capital gains. (AY.  2015-16)