https://www.taxtmi.com/caselaws?id=264741 The Tribunal ruled in favor of the appellant in a tax dispute concerning the taxation of short term capital gains on the sale of equity shares. The appellant successfully argued for the application of the special tax rate under section 111A of the Income Tax Act, 1961, based on the payment of Securities Transaction Tax. The Tribunal overturned the decisions of the Assessing Officer and CIT(A), directing a reevaluation of the tax liability to consider the concessional tax rate for short term capital gains. en-us Fri, 31 Jul 2015 00:00:00 +0530 Thu, 01 Oct 2015 11:56:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264741 The Tribunal ruled in favor of the appellant in a tax dispute concerning the taxation of short term capital gains on the sale of equity shares. The appellant successfully argued for the application of the special tax rate under section 111A of the Income Tax Act, 1961, based on the payment of Securities Transaction Tax. The Tribunal overturned the decisions of the Assessing Officer and CIT(A), directing a reevaluation of the tax liability to consider the concessional tax rate for short term capital gains. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264741