https://www.taxtmi.com/caselaws?id=65336 The Tribunal concluded that no capital gains tax was applicable on the sale of pledged shares, as the assessee did not receive any consideration from the transfer. The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal. The decision was influenced by the Kerala HC's judgment, which favored the assessee's position over the revenue's argument. en-us Fri, 09 Jun 2006 00:00:00 +0530 Thu, 22 Feb 2024 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65336 The Tribunal concluded that no capital gains tax was applicable on the sale of pledged shares, as the assessee did not receive any consideration from the transfer. The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal. The decision was influenced by the Kerala HC's judgment, which favored the assessee's position over the revenue's argument. Case-Laws Income Tax Fri, 09 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65336