TEKSYSTEMS GLOBAL SERVICES PRIVATE LIMITED,HYDERABAD vs. DCIT, CIRCLE-2(1), HYDERABAD
In the result, appeal of the assessee is allowed as directed above
ITA 290/HYD/2023[2017-18]Status: DisposedITAT Hyderabad09 Feb 2024AY 2017-18
Bench: Shri Rama Kanta Panda & Shri K.Narasimha Chary
For Appellant: Ms. Amulya K. ARFor Respondent: Shri Shakeer Ahamed, DR
Section 32
capital gains in the hands of the seller, the said transaction cannot be doubted in the hands of the purchaser. These decisions bind us.
14. Viewing from any angle, the circumstances cited by the authorities to hold that the BTA is a colourable device created only to reduce the tax, does not hold water. We, therefore, while disagreeing with
