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Case Law Details

Case Name : Trak Services (P) Limited Vs ITO (ITAT Delhi)
Related Assessment Year : 2009-10
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Trak Services (P) Limited Vs ITO (ITAT Delhi)

Introduction: The case of Trak Services (P) Ltd. vs. ITO (ITAT Delhi) revolves around the dispute over the calculation of Long Term Capital Gain (LTCG) on the sale of shares of M/s Axis IT&T Ltd. The Assessing Officer (AO) contested the declared LTCG, leading to a legal battle.

1. Background of the Case Trak Services (P) Ltd. declared LTCG from the sale of shares of M/s Axis IT&T Ltd. However,

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