https://www.taxtmi.com/caselaws?id=311948 The article addresses the assessee's claim for exemption under section 10(38) of the Income-tax Act, 1961, in relation to alleged long-term capital gains from sale of penny stock shares, together with the Revenue's challenge based on sales routed through a recognised stock exchange and payment of securities transaction tax. It records that the Orissa High Court admitted the appeal and listed it for final hearing, but did not render any final adjudication on the substantial questions of law. en-us Wed, 13 Sep 2023 00:00:00 +0530 Tue, 23 Jan 2024 20:11:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311948 The article addresses the assessee's claim for exemption under section 10(38) of the Income-tax Act, 1961, in relation to alleged long-term capital gains from sale of penny stock shares, together with the Revenue's challenge based on sales routed through a recognised stock exchange and payment of securities transaction tax. It records that the Orissa High Court admitted the appeal and listed it for final hearing, but did not render any final adjudication on the substantial questions of law. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311948