https://www.taxtmi.com/caselaws?id=237975 The court allowed the writ petition, quashing the impugned AAR decision and declaring that the petitioner is entitled to the benefit of the proviso to Section 112(1) of the Income Tax Act, 1961, on the sale of equity shares. The petitioner will be liable to pay tax at the rate of 10% on the long-term capital gains, as the other conditions of the proviso to Section 112(1) were satisfied. The writ petition was disposed of with no order as to costs. en-us Mon, 07 Oct 2013 00:00:00 +0530 Tue, 04 Feb 2014 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237975 The court allowed the writ petition, quashing the impugned AAR decision and declaring that the petitioner is entitled to the benefit of the proviso to Section 112(1) of the Income Tax Act, 1961, on the sale of equity shares. The petitioner will be liable to pay tax at the rate of 10% on the long-term capital gains, as the other conditions of the proviso to Section 112(1) were satisfied. The writ petition was disposed of with no order as to costs. Case-Laws Income Tax Mon, 07 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237975