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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Genuineness of the Transaction – LTCG on sale of shares – shares ...


Court Upholds Assessing Officer's Decision: Taxpayer's Long-Term Capital Gains Claim on Share Sale Rejected Due to Cash Purchase.

April 7, 2014

Case Laws     Income Tax     HC

Genuineness of the Transaction – LTCG on sale of shares – shares of listing company were purchased in cash - The AO had not committed any error in rejecting the claim of the assessee - HC

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