https://www.taxtmi.com/caselaws?id=311948 Exemption for alleged long-term capital gains from penny stock share sales under section 10(38) remained open for final consideration where the sales occurred through a recognised stock exchange and securities transaction tax was paid. The revenue challenged dismissal of its appeal on that basis. The High Court admitted the appeal for final hearing on the substantial questions of law, without rendering a final determination on the exemption claim or the treatment of the gains. 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 Exemption for alleged long-term capital gains from penny stock share sales under section 10(38) remained open for final consideration where the sales occurred through a recognised stock exchange and securities transaction tax was paid. The revenue challenged dismissal of its appeal on that basis. The High Court admitted the appeal for final hearing on the substantial questions of law, without rendering a final determination on the exemption claim or the treatment of the gains. Case-Laws Income Tax Wed, 13 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311948