Date of Award is the Date of Accrual of Capital Gains: Supreme Court [Read Judgment]

The Supreme Court while upholding the assessment of AO held that the date of award is the date of accrual of capital gains for the purpose of Section 45 of the Act of 1961. The question concerning date of accrual of capital gains arose in the backdrop that though the proceedings for acquisition in question […]

from Taxscan | Simplifying Tax Laws https://ift.tt/32sPK9H