Transaction of shares not being in penny stocks can’t be covered by CBDT Circular: ITAT upholds order of DCIT [Read Order]

Transaction of shares not being in penny stocks covered by CBDT Circular - ITAT upholds order of DCIT - TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that Transaction of shares not being in penny stocks canoot be covered by CBDT circular owing to low tax effect It was submitted that the present appeal is in respect of Long Term Capital Gain earned by the assessee on sale of shares of…

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