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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Set off of short term capital loss - Transaction in shares - ...


Court Rules Short-Term Capital Loss from Non-Genuine Share Transactions Cannot Offset Other Income for Tax Purposes.

July 15, 2013

Case Laws     Income Tax     HC

Set off of short term capital loss - Transaction in shares - When neither any payment was made nor any delivery was taken, then the transaction can not be held genuine - HC

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