Mere non-disclosure of exempt income in ITR wouldn’t amount to escaped income; SC dismissed SLP

INCOME TAX: SLP dismissed against High Court ruling that where gain from sale of shares by assessee was exempt from tax in terms of section 10(38), mere non- disclosure of such gain on sale of shares in return of income would not mean that capital gain from sale of shares had escaped assessmentINCOME TAX: SLP dismissed against High Court ruling that where gain from sale of shares by assessee was exempt from tax in terms of section 10(38), mere non- disclosure of such gain on sale of shares in return of income would not mean that capital gain from sale of shares had escaped assessmentwww.taxmann.com Latest Case LawsRead More

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