In a significant relief to the Oriental Insurance company, the Income Tax Appellate Tribunal, Delhi Bench, has ruled that no Income Tax would be Applicable on an income earned through the sale of an investment. The Assessee (Oriental Insurance) had claimed profit from the redemption of investments/ profit derived from shares of Rs 535.25 crores
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
