Case Law Details
Case Name : Manohar Pyarelal Sadane Vs Income-tax Officer, Ward - 3(1), Dhule (ITAT Pune)
Appeal Number : IT Appeal No. 220 (PN) OF 2011
Date of Judgement/Order : 26/07/2012
Related Assessment Year : 2007-08
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IN THE ITAT PUNE BENCH ‘A’
Manohar Pyarelal Sadane
versus
Income-tax Officer, Ward – 3(1), Dhule
IT APPEAL NO. 220 (PN) OF 2011
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Hi,
Good case
good case law
Very interesting case. If we extend this logic, theren should be no Capital gains on sale of Bonus shares and also sale of shares allotted on demerger. Am I right?
Hi,
going through the above ruling, does it mean if i inherit a property from father and sale it.. will it not be chargeable to capital gain tax… as cost of acquisition for me is nil…