Claim of exemption u/s 10(38) of IT Act for LTCG from sale of equity shares before assessment proceedings is valid: ITAT [Read Order]

for LTCG - from sale of equity shares - before assessment proceedings is valid - ITAT - TAXSCAN

The Cuttack bench of Income Tax Appellate (ITAT) held that the claim of exemption under section 10(38) of Income Tax Act, 1961 for the long term capital gain from the sale of equity shares before the ending of assessment proceedings is valid. Ridhi Bagaria, the appellant assessee was an individual, who was deriving income from…

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