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HomeDirect TaxLTCG From Sale of Shares Eligible for S. 10(38) Exemption for Insurers:...

LTCG From Sale of Shares Eligible for S. 10(38) Exemption for Insurers: ITAT 

Direct Tax

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By Mariya Paliwala
LTCG From Sale of Shares Eligible for S. 10(38) Exemption for Insurers: ITAT

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The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the long term capital gains (LTCG) from the sale of shares is eligible for exemption under Section 10 (38) of the Income Tax Act, 1961 for insurers. The bench of Anikesh Banerjee (Judicial Member) and Jagadish (Accountant Member) has observed that relied…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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