The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Capital Gain on transfer of shares within a firm but outside India cannot be brought to tax and therefore ruled out the applicability of section 9 in such share transfers. The Appellant, Supermax Personal Care Pvt. Ltd. is engaged in […]
The post Capital Gain on Transfer of Shares within Firm Outside India not to be brought to Tax: ITAT Mumbai [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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