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Income Tax | Section 48 Cannot Borrow Tomorrow’s Price: ₹97 Crore Gain Addition Deleted

9 Sept 2026 · 9 Sept 2026By CA Vijayakumar Shetty

ITAT Mumbai held that consideration from a later share transfer cannot be retrospectively substituted for an earlier transfer; section 50CA was inapplicable. The post Section 48 Cannot Borrow Tomorrow’s Price: ₹97 Crore Gain Addition Deleted appeared first on TaxGuru .

This article was aggregated from TaxGuru. Continue reading for the complete story.

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