https://www.taxtmi.com/circulars?id=54490 Income arising from transfer of unlisted shares for which no formal market exists shall be considered under the head Capital Gain irrespective of holding period to reduce disputes and maintain uniformity; exceptions apply where transaction genuineness is questionable, where lifting the corporate veil is implicated, or where transfer includes control and management of the underlying business, in which cases the Assessing Officer may take an appropriate view. en-us Mon, 02 May 2016 00:00:00 +0530 Thu, 24 Apr 2025 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54490 Income arising from transfer of unlisted shares for which no formal market exists shall be considered under the head Capital Gain irrespective of holding period to reduce disputes and maintain uniformity; exceptions apply where transaction genuineness is questionable, where lifting the corporate veil is implicated, or where transfer includes control and management of the underlying business, in which cases the Assessing Officer may take an appropriate view. Circulars Income Tax Mon, 02 May 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54490