earned from sale of
equity shares of Turbotech Engineering Ltd., exempted u/s 10(38) of the act.
The assessee claimed to have purchased ... shares of Turbotech
Engineering Ltd. for Rs. 1,77,192/-, sold the same for Rs. 66,35,360/- and
thereby earned a whopping capital gain
earned from sale of equity shares of
Turbotech Engineering Ltd. exempted u/s 10(38) of the act. The assessee
claimed to have purchased ... shares of Turbotech Engineering Ltd. for
Rs. 45,000/-; sold the same for Rs. 70,23,526/- and thereby earned a
whopping capital gain
Rupesh Vyas, Indore vs The Acit3(1), Indore, Indore on 7 December, 2022
आयकर अपील
Rupesh Vyas, Indore vs The Acit3(1), Indore, Indore on 6 December, 2022
आयकर अपील
term capital gain derived from sale of shares of M/s.
Turbotech Engineering Ltd. (TEL), a penny stock company. Based
on such information, the Assessing
2019
Raj Kumar vs. ITO
shares (acquired on 22.11.2011) of Turbotech Engineering Limited and
consequently rejecting the assesse's claim of exemption
case of CST Bangalore v. Turbotech Precision 2010 (18)
STR 545. It is submitted that in the case of Turbotech Precision
(supra), the High Court ... department had filed
appeals to this Court against the decisions in Turbotech Precision
(supra) and Simplex Infrastructure (supra) being Civil Appeal Nos.
6429/2015
