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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Disallowance of short term capital loss - creation of artificial ...


Court Upholds Disallowance of Short-Term Capital Loss Due to Unproven Transactions and Artificial Loss Creation.

January 11, 2014

Case Laws     Income Tax     HC

Disallowance of short term capital loss - creation of artificial loss - assessee appellants failed to discharge the onus, to prove the genuineness of the transactions of purchase and sales of such shares - HC

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