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ITAT upholds cap-gain exemption to Mauritius entity, for shares acquired prior to April 1, 2017 | India Business News

India Business News: The ITAT Mumbai bench has upheld the exemption of long-term capital gains on the sale of equity shares of an Indian company by Comstar-Mauritius. The shares were acquired prior to April 1, 2017, and the Mauritius entity had a valid tax residency certificate. The decision overturns the revisionary order passed by the Commissioner of Income-tax (Appeals). ....

Financial Services Commission , Income Tax Appellate Tribunal , Business License , Central Board , Direct Taxes , Business News , Mauritius Entity , Cap Gain Exemption , April 1 ,