This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Shareholding Dilution from Fresh Issue Does Not Trigger Capital Gains: ITAT Delhi
Case Law Details
- Case Name
- ITO Vs Sunita Sanjeev Aeren (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011–12
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
ITO Vs Sunita Sanjeev Aeren (ITAT Delhi)
Mere Reduction in Shareholding Due to Fresh Issue of Shares Cannot Trigger Capital Gains: ITAT Delhi
Delhi ITAT has once again clarified the long-debated question of whether a reduction in percentage shareholding- caused solely by a fresh issue of shares to a third party-can be treated as a “transfer” giving rise to capital gains in the hands of an existing shareholder. In a significant ruling the Tribunal dismissed the Revenue’s appeal & held that no taxable capital gain arises when a shareholder has neither transferred sha...
Author Info
