ITAT direct to Allow LTCG Exemption after verifying status of STT Payment 

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 ...