Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
Income From Capital Gains On Certain Assets Which Are Excluded U/S 10(38) Of IT Act Must Be Included While Computing Book Profits: Delhi HC
Income Tax
The Madras High Court ruled that gains must be excluded from income chargeable to tax under Section 10(38) of the Income Tax Act. The case dealt with capital gains arising from the sale of listed shares, and the Court clarified that such gains are exempt from tax when certain conditions are met under the provisions of the Income Tax Act.
