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ITAT direct to Allow LTCG Exemption after verifying status of STT Payment
Case Law Details
- Case Name
- Oriental Insurance Co. Ltd. Vs DCIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Delhi
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Oriental Insurance Co. Ltd. Vs DCIT (ITAT Delhi)
In a notable ruling, the Income Tax Appellate Tribunal (ITAT) Delhi, has directed a significant move in the case of Oriental Insurance Co. Ltd. Vs DCIT, pertaining to the Assessment Years 2014-15 and 2015-16. The appeals, challenging the orders of the Learned Commissioner of Income Tax (Appeals)-22, New Delhi, have brought to the forefront the critical issue of Long Term Capital Gains (LTCG) exemption under Section 10(38) of the Income Tax Act, against the backdrop of Securities Transaction Tax (STT) payment verification.
The crux of the matter ...
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