No capital gain tax on disputed pending transfer of shares

ACIT Vs Anil Kumar Saha (ITAT Delhi)

Conclusion: Where the legality and validity of the agreement was under challenge, there was no infirmity into the order of CIT(A) to the extent it was held that the transfer of shares could not be subjected to capital gain tax in the year under consideration on the ground that the entire transaction had not fructified.

Held: Assessee was an individual. In scrutiny assessment, AO observed that in the foot note, a chart o

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