Capital Gains from Alienation of Any Property Taxable Only in Singapore: Bombay HC allows Capital Gain Exemption to FII [Read Order]

Capital Gains - Alienation of Any Property Taxable Only in Singapore - Bombay Highcourt - Capital Gain Exemption to FII - taxscan

A Division Bench of the Bombay High Court granted a capital gain exemption to Foreign Institutional Investors (FII) in the matter of capital gains from alienation of any property taxable only in Singapore. The appeal is impugning an order passed by the Income Tax Appellate Tribunal (ITAT) while disposing of an appeal filed under Section…

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