Assessing Officer Disallows Long-Term Capital Loss Claim, Finds Share Transactions a Colorable Device to Offset Gains.

Disallowance of assessee’s claim of long term capital loss - as per AO purchase and sale of shares was nothing but a colourable device to generate loss to be set off against capital gain - additions confirmed. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X