The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that once the sale consideration of shares made subject to income tax under section 45 of the Income Tax Act, addition under section 68 cannot be made against the same as it would amount to double taxation. The assessee, in the instant case, […]
The post Sale Consideration once Taxed u/s 45 can’t again assessable as Unexplained: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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