https://www.taxtmi.com/caselaws?id=179650 The Tribunal upheld that the assessees were entitled to the concessional rate of taxation under Section 111A of the Income Tax Act, 1961 for capital gains from share transactions, as the conditions were satisfied and the transactions were genuine. The department's argument that no Securities Transaction Tax (STT) was paid was refuted based on evidence of STT deductions provided by the broker. The Tribunal dismissed the revenue's appeals, affirming the assessees' entitlement to the concessional rate of taxation. en-us Tue, 31 May 2011 00:00:00 +0530 Mon, 07 Mar 2016 12:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179650 The Tribunal upheld that the assessees were entitled to the concessional rate of taxation under Section 111A of the Income Tax Act, 1961 for capital gains from share transactions, as the conditions were satisfied and the transactions were genuine. The department's argument that no Securities Transaction Tax (STT) was paid was refuted based on evidence of STT deductions provided by the broker. The Tribunal dismissed the revenue's appeals, affirming the assessees' entitlement to the concessional rate of taxation. Case-Laws Income Tax Tue, 31 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179650