https://www.taxtmi.com/caselaws?id=346308 The Tribunal upheld the CIT(A)'s decision, ruling that the intermediary transaction through the unregistered MOU was valid. The short-term capital gains were correctly computed, considering the entire sale consideration. The Tribunal emphasized that there was no revenue loss, as the sale consideration had been appropriately taxed. The appeal by the revenue was dismissed. en-us Wed, 14 Jun 2017 00:00:00 +0530 Wed, 09 Aug 2017 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346308 The Tribunal upheld the CIT(A)'s decision, ruling that the intermediary transaction through the unregistered MOU was valid. The short-term capital gains were correctly computed, considering the entire sale consideration. The Tribunal emphasized that there was no revenue loss, as the sale consideration had been appropriately taxed. The appeal by the revenue was dismissed. Case-Laws Income Tax Wed, 14 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346308