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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

LTCG - merely on the basis of the reason that share broker was ...


Good Faith Share Transactions Not Fraudulent Despite Broker's Unfair Practices with Others.

November 22, 2013

Case Laws     Income Tax     AT

LTCG - merely on the basis of the reason that share broker was involved in unfair trade practice in collusion with others, where a person who bonafidely entered into share transaction of that company through such broker then only by mere assumption such transactions cannot be held to be a shame transaction. - AT

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