Deepa Pamnani (Ms) v. ITO (2024) 230 TTJ 897 / 241 DTR 170 / 38 NYPTTJ 814/ [2025] 170 taxmann.com 163 (Mum) (Trib)

S. 68 : Cash credits-Capital gains-Sale of shares-Received by gift-Stamp duty paid-Sale consideration cannot be assessed as cash credit-Assessable as long term capital gains. [S.45, 49(1)]

Tribunal held that  sale of shares received by way of gift cannot be assessed as cash credits. Gain assesseable as long term capital gains. (AY. 2015-16)

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