PRINCIPAL COMMISSIONER OF INCOME TAX -3, KOLKATA vs. M/S. ITC LIMITED
Appeal is allowed to the extent indicated
ITA/125/2018HC Calcutta27 Jun 2024
Bench: HON'BLE JUSTICE SURYA PRAKASH KESARWANI,HON'BLE JUSTICE RAJARSHI BHARADWAJ
short-term capital asset ;”
Section 2(29)B of The Income Tax Act 1961:-
“(29B) "long-term capital gain" means capital gain arising from the
transfer of a long-term capital asset;”
Section 2 (47) of The Income Tax Act 1961:-
“(47) “"transfer", in relation to a capital asset, includes,—
(i) the sale, exchange or relinquishment of the asset