The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that a right acquired through share warrants is a valuable right, can be treated as a capital asset for the purpose of the Income Tax Act, 1961. Theassessee was issued Rs. 35 Lacs share warrants from M/s Shriram City Union Finance Ltd. (SCUFL)….
Taxscan Premium
Why should you subscribe?
- Enjoy our website without interruptions from advertisements
- Receive Daily newsletters
- Receive realtime Telegram/Whatsapp news updates
- Download original Judgements / Order / Notifications / Circulars, etc
- Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
₹1199 + GST for 1 year
Subscribe Now
Already Subscribed?
Login Now