https://www.taxtmi.com/caselaws?id=69885 The ITAT held that the transfer of the MSE membership card by the assessee to ASERA Securities Pvt. Ltd. constitutes a transfer of a capital asset under section 2(14) of the Income-tax Act, 1961. Consequently, the consideration received from this transfer is subject to capital gains tax. The assessee's appeal was dismissed, affirming the membership card as a taxable capital asset. en-us Thu, 14 Sep 2006 00:00:00 +0530 Sat, 24 Feb 2024 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69885 The ITAT held that the transfer of the MSE membership card by the assessee to ASERA Securities Pvt. Ltd. constitutes a transfer of a capital asset under section 2(14) of the Income-tax Act, 1961. Consequently, the consideration received from this transfer is subject to capital gains tax. The assessee's appeal was dismissed, affirming the membership card as a taxable capital asset. Case-Laws Income Tax Thu, 14 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69885