It has also been accepted that in cases where our Members make adjournment applications well in advance, ie before the Benches are constituted, they will (on their following up) be informed of the fate of their applications shortly thereafter. This would dispel any doubts in the minds of our Members as regards the adjournments
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Month: May 2016
CBDT Directive Reg Consistency In Taxability Of Income/Loss Arising From Transfer Of Unlisted Shares
The CBDT has issued a directive dated 2nd May 2016 in which it has been directed that the income arising from transfer of unlisted shares would be considered under the head ‘Capital Gain’, irrespective of period of holding, with a view to avoid disputes/litigation and to maintain uniform approach
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