https://www.taxtmi.com/caselaws?id=425842 The Appellate Tribunal ITAT DELHI ruled in favor of the assessee in a tax dispute over the capital gain from transferring equity shares. The Tribunal upheld the Commissioner (Appeals)' decision to tax the gain at a reduced rate of 10%, following a precedent set by the Jurisdictional High Court. The Tribunal emphasized the importance of legal precedents and statutory provisions in determining tax liabilities. The appeal was dismissed, affirming the applicability of the reduced tax rate under section 112(1) of the Act to the capital gain in question. en-us Fri, 08 Jul 2022 00:00:00 +0530 Tue, 02 Aug 2022 09:44:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425842 The Appellate Tribunal ITAT DELHI ruled in favor of the assessee in a tax dispute over the capital gain from transferring equity shares. The Tribunal upheld the Commissioner (Appeals)' decision to tax the gain at a reduced rate of 10%, following a precedent set by the Jurisdictional High Court. The Tribunal emphasized the importance of legal precedents and statutory provisions in determining tax liabilities. The appeal was dismissed, affirming the applicability of the reduced tax rate under section 112(1) of the Act to the capital gain in question. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425842