Disallowance of capital loss – Revenue was of the view that the ...

Tax Authorities Challenge Transaction as Sham for Artificial Capital Loss; Relatives Involvement Not Sole Factor in Determination.

March 22, 2014

Case Laws Income Tax AT

Disallowance of capital loss – Revenue was of the view that the transaction is a sham to book an artificial loss – just because the transaction is between the relatives, it cannot be said to be a sham - AT

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Disallowance of capital loss – Revenue was of the view that the ...

Tax Authorities Challenge Transaction as Sham for Artificial Capital Loss; Relatives Involvement Not Sole Factor in Determination.

March 22, 2014

Case Laws Income Tax AT

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