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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Assessee being a limited company was holding shares as ...


Limited Company Can't Independently Determine Speculation Loss for Investment and Trading Shares u/ss 147/148.

January 6, 2014

Case Laws     Income Tax     AT

Assessee being a limited company was holding shares as investment and also for trading, therefore cannot be subject itself to determine the speculation loss, if any, was not to be tinkered with under the provision of section 147/148 - AT

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