https://www.taxtmi.com/caselaws?id=247389 The Tribunal ruled in favor of the non-resident company, allowing a lower tax rate of 10% on long-term capital gains under section 112 of the Income Tax Act. The decision clarified that the proviso to section 112 applies to non-residents, granting them the benefit of paying tax at a concessional rate on capital gains from listed shares. This outcome aligns with the Delhi High Court decision and establishes the entitlement of non-residents to the reduced tax rate, disregarding indexation benefits. en-us Fri, 02 May 2014 00:00:00 +0530 Sat, 10 May 2014 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247389 The Tribunal ruled in favor of the non-resident company, allowing a lower tax rate of 10% on long-term capital gains under section 112 of the Income Tax Act. The decision clarified that the proviso to section 112 applies to non-residents, granting them the benefit of paying tax at a concessional rate on capital gains from listed shares. This outcome aligns with the Delhi High Court decision and establishes the entitlement of non-residents to the reduced tax rate, disregarding indexation benefits. Case-Laws Income Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247389