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Informative

STCG already Taxed: ITAT deletes Rs. 1.20 Crore Wrong addition

Update / Judgement Date

09 Mar 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income TaxOther Legal Matters

The ITAT has deleted a ₹1.20 crore wrong addition, ruling that Short-Term Capital Gains (STCG) were already taxed. The tribunal emphasized the importance of avoiding double taxation. This decision protects taxpayers from incorrect assessments. The ruling clarifies the treatment of STCG. This is a ruling on capital gains taxes.