Held that the action of the Commissioner (Appeals) in deleting the addition of short-term capital gains on the sale of shares in the consortium was to be upheld as the Departmental representative could not point out any distinguishable fact on law. (AY. 2013-14)
Srei Infrastructure Finance Ltd. v. Asst. CIT (2023)105 ITR 371 / 154 taxmann.com 650 (Kol) (Trib)
S. 45 : Capital gains-Entity forming consortium with equal shares-Assessee transferring shares in consortium-Cost indeterminate Deleting addition-Order of CIT(A) deleting the addition is affirmed.
Leave a Reply