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)
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]