Income Tax Tribunal move to back 22% tax on capital gains sparks row, ETCFO
Mumbai: In a bizarre decision that has spawned surprise and scorn in the tax world, an Income tax (I-T) tribunal, which is a quasi-judicial body, has backed the I-T department’s move to demand 22% tax on capital gains from an entity simply because the tax applicable on it for other earnings is also 22%. The […]
