Court Rules Loss from Share Valuation Valid: AO Failed to Prove Selling Rate Below Market Value.

Disallowance of loss arising out of valuation of shares - AO could not bring anything on record, which suggests that the selling rate was lower than the market rate - in case the transaction have been treated as genuine in the hands of the seller, the same very transaction cannot be non-genuine in the hands of the purchaser - AT .....

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