Supreme Court Dismisses Income Tax Dept’s SLP in LTCG Claim on Shares Matter, Refuses to Condone 273-Days Delay [Read Order]
The Orissa High Court noted that the case pivoted on the denial of cross-examination and the oversight of the CBDT circular, while the SC dismissed the SLP, leaving any potential legal questions unresolved for future deliberation
By Navasree A.M - On February 26, 2024 5:32 pm - 2 mins read
The Supreme Court dismissed the Special Leave Petition ( SLP ) filed by the Income Tax Department regarding the Long Term Capital Gain ( LTCG ) on shares. The apex court refused to condone the delay of 273 days. The bench of Justices B V Nagarathna and Augustine George Masih has stated that “There is…
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